Sky Gold posts strong Q2 growth as stock jumps
In short
Sky Gold reported strong September-quarter growth. Revenue from operations rose 61% to ₹2,390.6 crore, and EBITDA climbed 89.6% to ₹189.4 crore from ₹100 crore a year earlier. The stock jumped 5% after the update.
This matters because investors reacted to the growth numbers and the board’s approval of a ₹1,800 crore fund raise. The exact profit figure and the fund-raise structure were not stated in the available reporting.
What the reporting says
Sky Gold reported a 61% rise in revenue from operations to ₹2,390.6 crore in the September quarter, according to a CNBC TV18 Market summary. EBITDA increased 89.6% to ₹189.4 crore from ₹100 crore a year earlier, and the stock jumped 5% after the update. The snippet says the board approved a ₹1,800 crore fund raise, but it does not say the final profit figure or the method of fundraising.
Why it matters
Sky Gold posted sharp September-quarter growth, with revenue from operations up 61% year on year to ₹2,390.6 crore and EBITDA up 89.6% to ₹189.4 crore. The market reaction was positive, as the stock rose 5% after the update. The board also approved a ₹1,800 crore fund raise, but the reporting does not specify the final profit figure or the fundraising route.