The shares of Senco Gold climbed 7.5% after it released its financials for the quarter ended 31 December 2023. According to the company’s filing on the exchanges, its unaudited financials under review have shown that – 

• Senco Gold reported its consolidated profit after tax (PAT) at Rs 109.32 crore for the quarter under review, reporting a rise of 5.8% year-on-year from Rs 103.35 crore during the corresponding quarter of the previous fiscal year.
• The company’s revenue from operations in Q3FY24 rose 23.3% YoY to Rs 1,652.20 crore from Rs 1,339.63 crore in Q3FY23.
• The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) advanced 11.3% to Rs 181.1 crore in the December FY24 quarter as against Rs 162.7 crore in the December FY23 quarter. However, its EBITDA margin declined 1.1% to 11% in Q3FY24 versus 12.1% in Q3FY23.

Sanjay Banka, chief financial officer (CFO) of Senco Gold, said that the company has 18 new showroom launches so far, which has also led to investment in working capital out of their internal accruals, IPO funds and incremental borrowing. 

At 12:45 pm, Senco Gold’s shares were trading at Rs 778.50, 2.16% higher than its previous close on the National Stock Exchange.