Sky Gold Q1FY27: Profit up 141%, revenue 78%, cyber loss

Quick context

Sky Gold and Diamonds Limited reported a sharp year-on-year rise in Q1FY27 profitability, supported by strong revenue growth that the company linked largely to export-led momentum. Alongside the quarterly performance, the group also made a material disclosure after the quarter ended about a fraud-related loss at a wholly-owned subsidiary.

Q1FY27 results: profit growth outpaced revenue

For Q1FY27, Sky Gold and Diamonds posted a consolidated net profit after tax of ₹104.90 crore, up 140.65% year-on-year. Revenue from operations rose 77.93% year-on-year to ₹2,012.79 crore.

The quarter also showed a meaningful improvement at the profit-before-tax line. Consolidated profit before tax (PBT) came in at ₹134.80 crore, compared with ₹58.87 crore in Q1FY26, reflecting 129.00% growth.

Export sales cited as a key driver

The company attributed a significant part of the revenue acceleration to export sales. While the disclosure points to exports as a major contributor to growth, it does not provide a Q1FY27 export mix number in the data shared here.

Earlier data in the same set of disclosures and summaries shows that in Q1FY26, exports were cited at ₹131 crore, accounting for 12% of revenue for that quarter. The Q1FY27 release referenced export sales as a driver of growth, indicating that overseas demand remained an important operating lever.

EPS improvement reflects stronger earnings base

Along with higher profit, Sky Gold and Diamonds reported an improvement in per-share earnings. Basic EPS rose to ₹6.67 in Q1FY27 from ₹2.97 in Q1FY26, a 124.58% year-on-year increase.

This aligns with the sharp jump in consolidated net profit for the period, and indicates that the earnings expansion was not limited to topline growth alone.

Post quarter-end cyber fraud disclosure at subsidiary

In a disclosure made after the quarter ended, the company stated that its wholly-owned subsidiary, Starmangalsutra Private Limited, suffered a financial loss of up to ₹10.70 crore due to a fraud incident. The company described it as a cyber fraud loss.

The incident is notable because it introduces a non-operating risk factor that investors typically track separately from core performance. The amount disclosed is “up to” the stated figure, and the information provided does not include recovery timelines or insurance details.

Key Q1FY27 vs Q1FY26 numbers (consolidated)

How recent quarters looked on sales and costs

The dataset also includes a longer quarterly snapshot (figures in crore), which helps frame how net sales and operating profitability have trended over recent quarters leading into FY26 year-end.

FY26 context: revenue scale-up highlighted in disclosures

Beyond the Q1FY27 update, the information provided includes FY26 performance references. One line notes that Sky Gold reported a 112.4% rise in FY26 net profit to ₹281.8 crore and revenue growth of 77.4% to ₹6,294.9 crore.

Separately, another line states the company reported a net profit of ₹275.32 crore in 2026. These figures are presented as-is from the provided dataset and are not reconciled in the source text.

Corporate calendar and comparable references

A meeting schedule included in the data shows:

• 2026-08-09: Quarterly Results
• 2026-06-09: Others

The same dataset notes that 0.00 analysts have given the stock a sell rating.

It also lists “peers” including Bharat Forge (1.97%), Havells India (0.25%), and Schaeffler India (-0.07%), as provided.

Why the update matters for investors

The Q1FY27 numbers show that Sky Gold and Diamonds delivered a combination of strong revenue growth and even faster profit growth, with EPS rising sharply year-on-year. That typically points to operating leverage and/or improved mix, although the release here does not break down margins for Q1FY27.

At the same time, the post quarter-end disclosure of a cyber fraud loss at a subsidiary introduces a separate risk item that investors may monitor for potential recoveries, control upgrades, and any follow-on disclosures.

Company footprint (as provided)

The company address listed in the dataset is: Plot No. D-222/2, TTC Industrial Area MIDC, Thane, Maharashtra, 400706.

Conclusion

Sky Gold and Diamonds entered FY27 with Q1 showing a large year-on-year jump in consolidated profit to ₹104.90 crore on revenue of ₹2,012.79 crore, with export sales cited as a key growth driver. The next investor checkpoint in the provided schedule is the 2026-08-09 meeting for quarterly results, alongside any further updates on the disclosed subsidiary fraud loss.