New Delhi, Feb. 17 -- Shares of Senco Gold extended their sharp decline on February 17, tumbling nearly 15 percent to its 52-week low after the jewellery retailer reported a steep drop in profitability for the December quarter (Q3FY25). This follows a 20 percent decline in the previous session on February 14, bringing the total two-session loss to approximately 32 percent.

Senco Gold's consolidated profit after tax (PAT) plunged by over 69 percent year-on-year (YoY) to Rs.33.48 crore in Q3FY25, compared to Rs.109.32 crore in the same quarter last year. The company attributed this decline to elevated costs, margin compression, and significant inventory losses tied to customs duties.

Despite the weak bottom-line performance, revenue from ...