Q3 2024 Sky Gold Ltd Earnings Call Transcript
Key Points
- Sky Gold Ltd (BOM:541967) reported a significant revenue growth of 72% year-on-year for Q3 FY24, reaching INR460 crores.
- The company has successfully added new clientele in both domestic and international markets, contributing to revenue growth.
- Sky Gold Ltd (BOM:541967) aims to achieve a revenue target of INR1,700 crores for FY24 and INR5,000 crores over the next three years.
- The company is focusing on expanding its international business, aiming for a 30% contribution from international markets over the next three years.
- Sky Gold Ltd (BOM:541967) has received fresh capital from preferential allotment, which has strengthened its liquidity position and improved its credit rating.
- EBITDA margin for Q3 FY24 decreased to 3.9% from 4.5% in Q3 FY23, indicating a decline in profitability.
- PAT margin for Q3 FY24 also decreased to 1.9% from 2.4% in Q3 FY23.
- The company is currently utilizing only 250-275 kgs per month of its 750-800 kgs per month capacity, indicating underutilization of resources.
- Sky Gold Ltd (BOM:541967) has a high debt level, which is expected to increase to INR240-250 crores in the next year.
- The company is not focusing on B2C business currently, which could limit its market reach and growth potential.
Ladies and gentlemen, good day and welcome to Sky Gold Limited Q3 and nine-months FY24 earnings conference call. (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, Mr. Parth.
Thank you, Manav. On behalf of Orient Capital, I welcome you all to Sky Gold Limited's Q3 and nine-month FY24 conference call. From management side, we have Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer; Mr. Darshan Chauhan, Whole-Time Director; Mr. Mahendra Chauhan, Whole-Time Director; Ms. Nikita Jain, Company Secretary; Mr. Jayesh Sanghavi from the Finance team.
I hope everyone had an opportunity to go through our press release that we have uploaded on the exchanges and the company's website. A short disclaimer, I would like to say before we begin the call, this call may contain some of the forward-looking statements, which are completely based upon our belief, opinion and
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