Profit before tax (PBT) stood at Rs 58.87 crore in Q1 FY26, marking a 106.92% increase from Rs 28.45 crore recorded in Q1 FY25.

Total expenses jumped 54.74% YoY to Rs 1,076.71 crore during the quarter. Cost of material consumed stood at Rs 1,182.69 crore (up 72.96% YoY), employee benefit expenses was at Rs 11.98 crore (up 150.10% YoY) and finance cost stood at Rs 13.27 crore (up 65.87% YoY) during the period under review.

Sky Gold and Diamonds engaged in the business of designing, manufacturing and marketing of Gold Jewelries since 2008. The company offers a wide variety of designs to suit the preferences of the end customer. It provides an extensive range of designs and also uses studded American diamonds and colored stones in many of their jewellery products.

The scrip hit a lower circuit of 5% to Rs 324.95 on the BSE.