Latest news with #SencoGold
Business Standard
30-05-2025
- Business
- Business Standard
Senco Gold consolidated net profit rises 94.06% in the March 2025 quarter
Sales rise 21.14% to Rs 1377.71 crore Net profit of Senco Gold rose 94.06% to Rs 62.43 crore in the quarter ended March 2025 as against Rs 32.17 crore during the previous quarter ended March 2024. Sales rose 21.14% to Rs 1377.71 crore in the quarter ended March 2025 as against Rs 1137.28 crore during the previous quarter ended March 2024. For the full year,net profit declined 11.98% to Rs 159.31 crore in the year ended March 2025 as against Rs 181.00 crore during the previous year ended March 2024. Sales rose 20.73% to Rs 6328.07 crore in the year ended March 2025 as against Rs 5241.44 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1377.711137.28 21 6328.075241.44 21 OPM % 9.227.71 - 5.817.16 - PBDT 104.2070.77 47 285.99309.65 -8 PBT 85.0752.38 62 217.86249.54 -13 NP 62.4332.17 94 159.31181.00 -12
Business Standard
30-05-2025
- Business
- Business Standard
Senco Gold gains after Q4 PAT nearly doubles to Rs 94 crore; EBITDA margin at 9.2%
Senco Gold rose 2.11% to Rs 388.85 after the company's net profit increased by 94.1% to Rs 62.44 crore as revenue from operations rose by 21.1% to Rs 1,377.71 crore in Q4 March 2025 over Q4 March 2024. Profit before tax (PBT) stood at Rs 85.08 crore in Q4 FY25, up by 62.4% from Rs 52.38 crore recorded in Q4 FY24. For the fourth quarter, EBITDA came in at Rs 127.01 crore (up by 44.8%) while EBITDA margin was at 9.2% (up 150 basis points YoY). Total operating expenses rose by 19.2% to Rs 1,250.69 crore in Q4 FY25 as compared with Q4 FY24. During the quarter, cost of materials consumed stood at Rs 1,146.46 crore (up 21.6% YoY) while employee benefits expense was at Rs 35.65 crore (up 27.1% YoY). For the full year FY25, revenue from operations rose by 20.7% to Rs 6,328.07 crore, while net profit fell by 12% to Rs 159.31 crore. Suvankar Sen, MD & CEO, said: Senco Gold Ltd. recorded a Standalone total income of Rs 6,313.4 Cr on a growth of 19.7% in FY25 as compared to FY24. The Q425 vs Q424 growth was 20.5%, and SSSG growth accounted for 18%. The company has seen 21% volume growth and 38% in value of diamond jewellery in Q4, which has led to an increase in profit. The adjusted PAT increased by 10.1% to Rs 207.9 Cr. The impact on PAT is due to a one-time customs duty cut in July 2024. In our retail segment, our company-owned showrooms, with a 64% revenue contribution to the overall retail business, have registered a growth of 21% and franchisee business, which contributes to 36% of the retail business, has grown by 28% in Q4 over the last year. Q4 saw a strong studded growth, of over 38% in revenue and of over 2% growth in volume. In Q4, 5 new showrooms were opened (2COCO, 2FOCO and 1FOFO model). In this period, the overall SSSG was 18%. The sharp increase in gold prices during Q4 led to an increase in old gold jewellery exchanges, with old gold contributing nearly 40% to overall sales, out of which 61% is coming from the Non-Senco customers in FY25. Senco Gold is a leading pan-India jewellery retailer. It offers an extensive range of jewellery, including gold, diamond, Polki, Platinum, Kundan, Jadau, silver, as well as precious and semi-precious stones.
Mint
13-05-2025
- Business
- Mint
Amid falling gold prices, Senco Gold share price hits 5% upper circuit for second day in a row
Shares of Senco Gold surged for the second consecutive session on Tuesday, May 13, hitting the 5 percent upper circuit amid a sharp correction in gold prices , which had recently crossed the ₹ 1,00,000 per 10-gram mark in India before retreating sharply. The stock reacted positively as investors anticipate improved demand dynamics and easing input volatility following a significant drop in gold rates. On Monday, gold futures for June 2025 delivery on MCX plunged by more than 4 percent or ₹ 3,930 to settle at ₹ 92,588 per 10 grams. In early trade on Tuesday, the metal remained flat, with MCX Gold June 5 contracts up just 0.06 percent at ₹ 92,955 per 10 grams. Internationally, gold also traded near a one-week low on Tuesday after plummeting on Monday. The weakness in the yellow metal came as geopolitical tensions eased following a series of breakthroughs in global diplomacy. The primary driver behind the recent drop in gold prices was the surprise announcement of a trade deal between the United States and China. Both nations agreed to significantly reduce tariffs on each other's imports for a 90-day period after extensive negotiations in Geneva. As per the agreement, the US reduced tariffs on Chinese goods from 145 percent to 30 percent, while China slashed duties on US imports from 125 percent to 10 percent. This resolution marks a major de-escalation in global trade tensions and follows a similar deal recently signed between the US and UK. The calming of geopolitical risks also contributed to gold's sell-off. A potential truce between Russia and Ukraine and a ceasefire agreement between India and Pakistan have reduced safe-haven demand for gold, prompting heavy profit booking. 'The de-escalation in global trade and geopolitical tensions led to a sharp correction of nearly ₹ 4,000 in gold prices on the MCX. With the dollar index surging above 101.50, the appeal of gold as a safe haven has diminished. Technically, gold now faces resistance around ₹ 94,000–95,000, with support near ₹ 90,000. If the current risk-on sentiment persists, further downside in gold prices cannot be ruled out,' said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. The stock hit its 5 percent upper circuit of ₹ 369.95. It had hit its upper circuit for the second straight session. Despite the recent rally, Senco Gold remains significantly below its 52-week high of ₹ 772, touched in October 2024. However, the stock has rebounded strongly from its 52-week low of ₹ 227.70, hit in March 2025—gaining more than 62 percent since then. In the last one year, the stock has declined around 20 percent. However, it appears to be in recovery mode, adding 5.7 percent so far in May after posting a strong 27.5 percent gain in April. This follows a prolonged downtrend that lasted six months, from October 2024 to March 2025, during which the stock lost 62 percent of its value. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
29-04-2025
- Business
- Time of India
Akshaya Tritiya 2025 offers: From Tanishq to PC Jeweller, check out the top discounts offered by retailers amid high gold prices
Tanishq's gold jewellery offers Senco Gold's discounts on gold and diamond jewellery MP Jewellers and PC Chandra Jewellers' festive offers Focus on customer experience Live Events Retailers adjusting to rising gold prices Akshaya Tritiya 2025: Date, time, and significance Why Akshaya Tritiya celebrated? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel As Akshaya Tritiya approaches, jewellery retailers are offering a variety of discounts despite rising gold prices to attract customers. This year, leading brands such as Tanishq, Senco Gold , MP Jewellers, and PC Chandra Jewellers are all set to make the most of the auspicious buying one of India's leading jewellery brands, is offering up to 20 per cent off on making charges for gold jewellery. This discount is part of the brand's effort to entice customers looking to purchase gold ahead of the festive Gold has introduced a flat Rs 350 discount on gold rates. The company is also offering up to 30 per cent off on making charges for gold jewellery. For diamond jewellery, Senco Gold is giving an attractive 100 per cent discount on making charges, along with up to 15 per cent off on the value of the Jewellers is offering Rs 300 per gram off on gold jewellery, coupled with a 10 per cent reduction in making charges. Similarly, PC Chandra Jewellers is providing a Rs 200 per gram discount on gold prices, 15 per cent off on making charges, and a 10 per cent discount on the value of diamond jewellery offers are designed to make the shopping experience more attractive for customers. Annargha Uuttiya Chowdhury, Director of Anjali Jewellers, explained, "We are expecting Akshaya Tritiya to be very good as consumer confidence in gold is at an all-time high. To cash in on the gold craze, we are offering discounts on making charges to ensure the shopping experience is more exciting for customers."Jewellery brands are also adjusting to the rise in gold prices by offering innovative solutions. Senco Gold's Managing Director, Suvankar Sen, mentioned that although volumes have decreased due to higher gold prices, the brand is committed to maintaining affordability. "We are trying to reduce the 25-30 per cent cost of marriage ornaments by incorporating pearls and stones to lower gold usage in sets," Sen Tritiya, also known as Akha Teej, will be observed on Wednesday, April 30, 2025. This festival is widely celebrated with prayers and the purchase of gold. According to Drik Panchang, the most auspicious time for performing puja is from 5:41 AM to 12:18 PM on April 30. The best time to buy gold, however, begins the evening before at 5:31 PM on April 29 and continues until 2:12 PM the next Tritiya is regarded as one of the most sacred days of the year in the Hindu calendar. Many believe that any positive action or investment made on this day brings lasting prosperity, and buying gold has become a key tradition to reflect wealth and Muhurat: 5:41 AM to 12:18 PMTritiya Tithi Begins: 5:31 PM, April 29Tritiya Tithi Ends: 2:12 PM, April 30According to Hindu mythology, Lord Krishna once visited the Pandavas during their exile. Draupadi, feeling unprepared, asked for forgiveness. Krishna picked a single herb from their food bowl and, pleased with her devotion, gave the Pandavas the Akshaya Patra—a bowl that never ran out of food. Another story says Lord Kubera was appointed guardian of heaven's wealth on this day after receiving blessings from Lord Shiva and Lord Tritiya is considered significant for both spiritual and financial reasons. In Hindu and Jain traditions, it is a day that ensures lasting success when actions are taken with sincerity. The practice of buying gold is seen as a symbol of hope for continued growth and stability, both spiritually and materially.
Time of India
29-04-2025
- Business
- Time of India
Akshaya Tritiya 2025 date and time: What is the best time to buy gold and perform puja to get blessings from the God of wealth
Akshaya Tritiya 2025 date: Akshaya Tritiya, celebrated on April 30, 2025, is considered an auspicious day for prayers and gold purchases, believed to bring lasting prosperity. Retailers like Tanishq and Senco Gold are offering discounts to attract buyers despite rising gold prices. The festival holds religious significance, linked to stories of Lord Krishna and Lord Kubera, symbolizing continued growth and stability. Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein. More
