Sky Gold & Diamonds Limited announced the outcome of its Board Meeting held on February 9, 2026, approving the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. The standalone results showed a consolidated profit after tax of ₹8,053.54 lakhs for the quarter, compared to ₹2,760.57 lakhs in the corresponding previous year period. The Board also noted a significant accounting policy change regarding depreciation methods.
Outcome of Board Meeting and Financial Declarations
The Board of Directors of Sky Gold & Diamonds Limited convened on February 9, 2026, following prior intimation, to review and approve the financial performance indicators. The meeting commenced at 10:50 A.M. IST and concluded at 11:55 A.M. IST.
Standalone Financial Performance (Q3 FY26)
The Unaudited Standalone Financial Results for the quarter ended December 31, 2025, demonstrated substantial growth over the previous year’s corresponding quarter:
- Total Income for the quarter reached ₹1,38,179.82 lakhs.
- Profit/(Loss) before tax stood at ₹8,180.97 lakhs for the quarter.
- Net Profit/(Loss) for the period (after tax) was reported at ₹6,106.34 lakhs, significantly up from ₹2,760.57 lakhs in Q3 FY25.
- Basic Earnings Per Share (EPS) for the quarter was ₹3.94.
For the nine months ended December 31, 2025, the consolidated Net Profit stood at ₹14,848.19 lakhs.
Consolidated Financial Performance (Q3 FY26)
The Consolidated Financial Results also reflected strong performance:
- Total Income for the quarter was ₹1,77,512.44 lakhs.
- Net Profit/(Loss) for the period (after tax) reached ₹8,053.54 lakhs for Q3 FY26, against ₹3,653.98 lakhs in Q3 FY25.
- Basic EPS for the quarter was ₹5.20.
Significant Accounting Change Noted
A material note was drawn to the change in the depreciation method effective April 1, 2025. The Company shifted its method for charging depreciation on property, plant, and equipment from Written Down Value (WDV) to Straight Line Method (SLM). This was treated as a revision in accounting estimate under Ind AS 8. This change positively impacted the current quarter’s pre-tax profit, leading to a higher profit by ₹80.40 Lakhs in the standalone results and by ₹233.32 Lakhs in the consolidated results due to the net reversal of excess depreciation charged previously.
Subsidiary Acquisition Update
The Group finalized the acquisition of a controlling stake in Shri Rishab Gold. On December 11, 2025, a partnership deed was executed, resulting in the subsidiary Starmangalsutra Private Limited acquiring a 51% partnership interest in the firm.
Source: BSE
