Senco Gold consolidated Q3 profit after tax up 5.8% at Rs 109.32 crore – Newz9

MUMBAI: Jewellery retailer Senco Gold has reported a 5.Eight per cent progress in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The firm’s profit after tax (PAT) stood at Rs 103.35 crore through the corresponding quarter of the earlier fiscal, the jewelry retailer stated in a regulatory submitting on Tuesday.
The firm’s income from operations grew by 23.three per cent through the quarter underneath overview at Rs 1,652.20 crore, in comparison with Rs 1,339.63 crore in the identical interval of the earlier 12 months.
“Our consistent performance demonstrates our robust execution capability, operational prudence and financial rigour. We achieved the highest-ever third quarter revenue of Rs 1,652 crore recording quarter-on-quarter (QOQ) growth of 43 per cent and year-on-year (YoY) growth of 23 per cent…
“The new showroom launches of 18 thus far have additionally led to funding in working capital out of our inner accruals, IPO funds and incremental borrowing. We thus stay devoted to delivering worth to our stakeholders,” Senco Gold CFO Sanjay Banka stated.
The Kolkata-headquartered jewelry retailer Senco Gold had hit the capital markets in July 2023.