Sky Gold Share Price Rises 5% on Record Date for 9:1 Bonus Shares

Sky Gold Ltd was gaining the spotlight on Monday. On December 16, 2024, Sky Gold share price opened at ₹465.30. At 11:45 AM, the share price of Sky Gold was trading at ₹465.30, up by 5% on the NSE. Recently, on December 12, 2024, the stock touched its 52-week high at ₹467.50.

Bonus Shares Record Date

Today, December 16, 2024, is the record date for the company’s bonus shares issuance. In October and November 2024, the company announced the 9:1 bonus share issuance, which means shareholders will receive nine fully paid-up equity shares for every existing share held.

This issuance was approved by shareholders through a postal ballot in October and November 2024. The record date for this bonus share distribution was fixed as December 16, 2024, confirming eligibility for shareholders.

Q2 FY 2025 Financial Highlights 

For Q2 FY25, the company reported impressive growth in its consolidated financial performance. Revenue from operations surged by 94.2% year-on-year, reaching ₹768.8 crore. EBITDA saw a remarkable rise of 154.3%, totalling ₹38.8 crore, while profit after tax (PAT) skyrocketed by 405.2%, amounting to ₹36.7 crore.

About Sky Gold Limited

Founded in 2008, Sky Gold Limited (SGL) is a prominent Mumbai-based jewellery company specialising in lightweight 18 and 22-carat gold jewellery. The company manufactures a wide range of designs, including plain gold, diamond-studded, and Turkish jewellery. Operating on a B2B model, SGL collaborates with leading retailers such as Malabar Gold and Diamonds, Joyalukkas, Kalyan Jewellers, CaratLane, GRT Jewellers, and Senco Gold. Sky Gold’s products are available in over 2,000 showrooms across India, solidifying its reputation in the jewellery market.

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