Sky Gold and Diamonds (541967) Q4 20/21 earnings summary

Executive summary

• FY21 revenue from operations rose 10.2% YoY to ₹79,554.06 lakh; PAT fell to ₹481.25 lakh from ₹581.79 lakh as PBT declined and expenses increased.

• Gold and silver jewellery remained the sole business segment; the board chose not to recommend a dividend to conserve resources.

Financial highlights

• Revenue from operations was ₹79,554.06 lakh vs ₹72,188.64 lakh in FY20; other income increased to ₹235.90 lakh from ₹119.03 lakh.

• PBT was ₹605.74 lakh vs ₹754.25 lakh; PAT was ₹481.25 lakh vs ₹581.79 lakh, down 17.3% per the reported comparison.

• Finance costs rose to ₹638.86 lakh from ₹609.37 lakh; other expenses reached ₹1,088.17 lakh, including a ₹802.22 lakh hedging loss.

• Basic and diluted EPS were ₹8.96, down from ₹10.83 in FY20.

Outlook and guidance

• Industry outlook was described as positive, supported by rising incomes, expanding middle-class demand, branded jewellery adoption and government support for sector investment and exports.

• No quantified forward financial guidance was stated; actual results may differ from forward-looking expectations as market conditions change.