Sky Gold and Diamonds reported a 55.6% year-on-year increase in standalone net profit to Rs 85.37 crore in the second quarter of FY27, The Hindu BusinessLine reported in its Q2 results live updates on Tuesday, October 27.
Source: The Hindu BusinessLine
The company's board also approved raising funds not exceeding Rs 1,800 crore — yaani about Rs 18 billion — through a qualified institutional placement (QIP), BusinessLine reported. A StockFin summary of the company's BSE and NSE filing confirmed that the board approved a fund raise of up to Rs 1,800 crore via QIP and other modes, and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
Source: StockFin (BSE/NSE filing summary)
The board authorised the QIP committee to decide the terms and conditions of the proposed fund raise, convened an extra-ordinary general meeting on November 18, 2026, fixed November 11, 2026 as the record date for shareholder entitlement, and appointed a scrutinizer for e-voting, according to the filing summary. The summary noted the fund raise will dilute existing shareholders' stakes.
Source: StockFin (BSE/NSE filing summary)
Shares of the company were flat at Rs 941.60 on the NSE at the time of the BusinessLine update. Sky Gold and Diamonds, listed on the BSE and NSE, is a diamond, gems and jewellery company with a market capitalisation of Rs 14,528.72 crore as of October 26, according to StockFin.
Source: The Hindu BusinessLine