GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Senco Gold tumbled as much as 14.8% on Monday to Rs 304.5 on the BSE, extending losses to nearly 32% over two sessions after the company reported a sharp 69.3% year-on-year (YoY) drop in its third-quarter profit after tax (PAT). The jewellery retailer’s PAT slumped to Rs 33.48 crore in the October-December quarter, compared to Rs 109.32 crore in Q3FY24. Adjusted PAT also declined 50.9% YoY to Rs 53.74 crore. Despite robust revenue growth of 27.3% to Rs 2,102.55 crore in the third quarter, profitability was hit by higher costs, declining margins, and losses tied to customs duties, the company said. Senco Gold’s gross margin contracted 740 basis points YoY to 11.3%, largely due to customs duty-related inventory losses of Rs 276 crore and gold price hedging costs exceeding Rs 500 crore. The company’s EBITDA declined 55.8% YoY to Rs 79.96 crore, with adjusted EBITDA falling 40.4% to Rs 107.55 crore. The EBITDA margin shrank to 3.8% ...

[hfe_template id='11223'] [ad_1] Nykaa shares surged 3% to their day's high of Rs 174.60 on the BSE on Tuesday after the omnichannel fashion and beauty retailer reported a 61% year-on-year (YoY) increase in consolidated net profit to Rs 26.12 crore, falling short of the Street estimate of Rs 36 crore. Meanwhile, revenue was in line with expectations, rising 27% YoY to Rs 2,267 crore. The company reported an EBITDA of Rs 141 crore for the October-December 2024 quarter, with margins for the same period standing at 6.2%. Both metrics were in line with expectations. On a sequential basis, profit after tax (PAT) more than doubled from Rs 10 crore reported in the preceding September quarter. Also Read: Stocks to buy: Patanjali Foods, Nykaa and Delhivery on investors' radar However, revenues improved by 21% quarter-on-quarter (QoQ). Other income for the reporting third quarter fell to Rs 5.53 crore, compared to Rs 7.58 crore in the same quarter of the previous year. In ...

[hfe_template id='11223'] [ad_1] It's a packed week ahead with U.S. inflation data, the start of Q3 earnings, a French budget and possibly a big rate cut from New Zealand. Investors are also on edge as Middle East tensions escalate, while Japan's new Prime Minister Shigeru Ishiba is in the spotlight. 1. ONE YEAR OF WAR One year on from Hamas' Oct. 7 attack on Israel and the region looks on the brink of a sprawling war that could potentially reshape the oil-rich Middle East. The conflict, which has killed more than 42,000 people, the vast majority in Gaza, is spreading. Israeli troops are now in neighbouring Lebanon, home to Iran-backed Hezbollah; Iran launched a large scale missile attack on Israel earlier this week. Global markets have remained broadly unfazed. Oil prices, the main conduit for tremors further afield, have jumped about 8% this week, but soft demand and ample supply globally have kept a lid on gains. A further escalation between Iran and Is...