Latest News | Jewellery Firm Sky Gold Q3 Net Profit Rises 41 Pc

New Delhi, Jan 29 (PTI) Jewellery firm Sky Gold Ltd has posted a 41 per cent increase in its consolidated net profit to Rs 8.93 crore for the quarter ended December 2023.

Its net profit stood at Rs 6.34 crore in the year-ago period.

Also Read | Union Budget 2024-25: What is an Interim Budget? How is It Different From a Regular Budget? All You Need to Know.

Total income also rose to Rs 460.90 crore in the third quarter of the current fiscal from Rs 267.56 crore in the corresponding period of the previous year, the company said in a statement on Monday.

Established in 2008, the Mumbai-based company is engaged in the business of designing, manufacturing and marketing of gold jewellery. It works on a B2B model with leading jewellery retailers and large wholesalers.

Also Read | Union Budget 2024-25 Expectations For Salaried Taxpayers: From Simplification of Capital Gains to Increase in Section 80C Deduction Limit, Here's What To Expect From Interim Budget.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)