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Senco Gold's shares plummet after reporting a significant drop in Q3 profits despite revenue growth.
Senco Gold's shares dropped 32% over two days after the company reported a 69.3% year-on-year decline in its Q3 profit, despite a 27.3% revenue increase.
The jewelry retailer's profit after tax fell to Rs 33.48 crore, down from Rs 109.32 crore last year, due to higher costs and margin pressures.
Motilal Oswal downgraded the company's rating to 'neutral' due to margin volatility and weak earnings visibility.
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Las acciones de Senco Gold se desplomaron después de reportar una significativa caída en los beneficios del Q3 a pesar del crecimiento de los ingresos.