Q1 2025 Sky Gold Ltd Earnings Call Transcript
Key Points
- Sky Gold Ltd (BOM:541967) reported a robust Q1 performance with revenue growing by 92% year-on-year and 40% quarter-on-quarter.
- The company's export exposure increased significantly, contributing 11% to total revenue in Q1 FY25, up from 6% in FY24.
- Sky Gold Ltd (BOM:541967) has strategically positioned itself as a leader in the jewelry manufacturing sector, with a strong focus on corporate partnerships.
- The company has acquired two entities, expanding its total addressable market and product offerings.
- Sky Gold Ltd (BOM:541967) is planning a fund raise of 270 crore to support its growth ambitions, including investments in 18-carat and diamond jewelry segments.
- Despite the strong performance, the company expects to become cash flow positive only after reaching 5000 crore in revenue by the end of 2026.
- The company faces challenges in onboarding new clients like Titan due to lengthy vendor approval processes.
- Sky Gold Ltd (BOM:541967) has a high client concentration, with top clients contributing a significant portion of revenue.
- The company’s finance costs have doubled quarter-on-quarter, impacting overall profitability.
- Sky Gold Ltd (BOM:541967) is still in the process of integrating its recent acquisitions, which may take additional time and resources.
Ladies and gentlemen, good day and welcome to the Q1-FY25 earning conference call of Sky Gold Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Parth Patel from Orient Capital. Thank you, and over to you.
I will imitate Q1-FY25 earnings concall. From the management side, we have Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer; Mr. Jayesh Sanghavi from the finance team; and Ms. Nikita Jain, Company Secretary.
I hope everyone had an opportunity to go through our investor deck and press release that we have uploaded on exchanges and the company's website. A short disclaimer I would like to mention before we begin the call.
This call may contain some of the forward-looking statements which are completely based upon our belief, opinion and expectations as of today. These statements are not a guarantee of our future performance and involve unfortunate risks and uncertainties.
With this, now, I hand
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