Quarterly Result9 Jan 2025, 09:29 pm
Senco Gold Ltd Reports Q3FY25 Business Update: Revenue Crosses Rs 6000 Cr, QIP Successfully Raised, and 170 Showrooms
AI Summary
Senco Gold Ltd has released its business update for Q3FY25, highlighting industry, QIP, and business key highlights, as well as showroom network and expansion. Gold prices increased by 24% YoY in Q3 and 8% QoQ, while Senco Gold's revenue grew by 22% YoY in Q3 and 19% YoY in 9M. The company successfully raised Rs.459 Cr through a Qualified Institutional Placement (QIP) and expanded its showroom portfolio to 170, including 69 franchisee showrooms.
Key Highlights
- Gold prices increased 24% YoY in Q3 and 8% QoQ; Indian consumers showed strong demand despite price rise.
- Senco Gold raised Rs.459 Cr through a successful QIP, expanding equity share capital base to 8.18 Cr shares.
- Company achieved highest ever sales of Rs 1000 Cr+ in a single month in Oct’24 and Rs 2000 Cr + in a single quarter in Q3’25.
- Revenue growth of 22% YoY in Q3 and 19% YoY in 9M; retail growth remained steady at 19% YoY in Q3.
- Senco Gold launched 12 showrooms (net) in the last 9 months, including 4 during the quarter.
- Q4 FY 25 outlook: committed to opening 18-20 jewellery showrooms, including 10-12 franchisee outlets.