Sky Gold & Diamonds Limited announced the outcome of its Board Meeting held on February 9, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Key highlights include significant revenue figures and the formalization of a change in the depreciation method from WDV to SLM, effective April 1, 2025. The board meeting concluded in less than an hour, starting at 10:50 AM IST and ending at 11:55 AM IST.
Board Approval of Quarterly Financials
Sky Gold & Diamonds Limited has formally disclosed the results of its Board Meeting conducted on February 9, 2026. The meeting commenced at 10:50 A.M. IST and concluded at 11:55 A.M. IST.
Pursuant to regulatory requirements, the Board duly reviewed and approved the Unaudited Financial Results (both Consolidated and Standalone) for the quarter and nine months ending December 31, 2025. These results, along with the Limited Review Reports from statutory auditors, were also recommended by the Audit Committee prior to Board approval.
Key Standalone Financial Performance (Q3 FY26 vs. Q3 FY25)
The standalone statement shows strong performance for the quarter ended 31.12.2025 compared to the corresponding period last year (31.12.2024):
- Total Income: Increased to ₹1,38,179.82 lakhs from ₹73,338.84 lakhs.
- Profit Before Tax: Rose substantially to ₹8,180.97 lakhs from ₹3,800.68 lakhs.
- Net Profit for the period: Stood at ₹6,106.34 lakhs, up from ₹2,760.57 lakhs.
- Basic EPS: Improved significantly to ₹3.94 from ₹1.91.
For the nine months ended 31.12.2025, Total Income was ₹3,35,210.83 lakhs, resulting in a Net Profit of ₹14,848.19 lakhs and a Basic EPS of ₹9.80.
Key Consolidated Financial Performance (Q3 FY26 vs. Q3 FY25)
The consolidated results reflect the Group’s overall strength:
- Total Income (Q3 FY26): Reached ₹1,77,512.44 lakhs, compared to ₹1,00,509.52 lakhs in Q3 FY25.
- Profit Before Tax (Q3 FY26): Was ₹10,613.21 lakhs, up from ₹4,936.39 lakhs.
- Net Profit (Q3 FY26): Totaled ₹8,053.54 lakhs, compared to ₹3,653.98 lakhs.
- Basic EPS (Q3 FY26): Increased to ₹5.20 from ₹2.52.
The Group recorded Total Comprehensive Income of ₹8,217.25 lakhs for the quarter.
Accounting Policy Change: Depreciation Method
Management has implemented a significant change in accounting estimates, effective from April 1, 2025, by shifting the depreciation charge method for Property, Plant, and Equipment from Written Down Value (WDV) to Straight Line Method (SLM), adhering to IND AS 8.
For the standalone results, this change resulted in the current quarter’s depreciation being lower, positively impacting Profit Before Tax by ₹80.40 Lakhs. For the consolidated results, the change favorably affected Profit Before Tax by ₹233.32 Lakhs.
Subsidiary Activity Update (Consolidated)
The consolidation includes results from several subsidiaries. Notably, on December 11, 2025, the subsidiary Starmangalsutra Private Limited executed a partnership deed acquiring a 51% controlling stake in Shri Rishab Gold, completing that acquisition.
The auditor’s review confirmed that the financial results, including the impact of the depreciation change and the recognition of Labour Codes notifications from November 21, 2025, were appropriately accounted for, resulting in an unmodified review report.
Source: BSE
