Senco Gold's Q1 financials show steady performance with positive growth in PAT and sales

Senco Gold, a midcap jewellery company, has recently declared its financial results for the quarter ending June 2024. The company has shown a flat performance in this quarter, with a score of 4 compared to -2 in the previous quarter. However, there are some positive aspects to the financials that are worth noting.

One of the major highlights is the company's Profit After Tax (PAT) for the half-yearly period, which has grown by 55.38% year on year, reaching Rs 83.44 crore. This is a significant improvement and the near-term trend for PAT looks very positive. Additionally, the company's Net Sales for the nine-month period have also shown growth of 21.23% year on year, reaching Rs 4,193.37 crore. This indicates a positive sales trend in the near term.

On the other hand, the company's interest cost for the half-yearly period has increased by 20.01% compared to the previous half-yearly period. This could be a cause for concern as it signifies increased borrowings for the company.

MarketsMOJO has given a 'Hold' call for Senco Gold's stock, indicating a neutral stance. Overall, the company's financial performance for the quarter ending June 2024 has been steady, with some positive and negative aspects. Investors may want to keep an eye on the company's interest cost and sales trend in the near term.