Senco Gold Sees Profit Drop Despite Revenue Surge
Senco Gold Limited reported a net profit of Rs 101.1 crore for Q1 FY27, down 3% from Rs 104.7 crore in the same quarter last year.
The company's revenue grew by 67% to Rs 3,056 crore due to strong demand for gold and diamond jewellery.
However, high gold prices and discounting weighed on margins, resulting in a contraction of EBITDA margin to 7.0% from 17.3% last year.