Senco Gold reported that its net profit in the September quarter was up over four-fold to ₹49 crore against ₹12 crore logged in the same period last year, on the back of strong demand and high gold prices.

Revenue was up two per cent at ₹1,536 crore (₹1,500 crore). EBITDA more than doubled to ₹106 crore (₹52 crore).

The Average Selling Price and Average Ticket Value also rose to 15 per cent and 16 per cent to ₹56,700 and ₹86,200 in line with high gold prices, said the company.

The company registered highest-ever Dhanteras and Diwali sales in October achieving of over ₹1,700 crore despite lifetime-high gold prices.

Suvankar Sen, Managing Director & CEO, Senco Gold, said gold prices have hit the highest-ever at ₹11,650 a gram in September, and the quarter was marked by significant headwi

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