Gems & Jewellery company PC Jeweller announced Q1FY25 results: The Q1FY25 has been a turnaround quarter for the company. The company has started regaining its customer trust and goodwill which has resulted in an exponential growth in its topline and profitability. The company has recorded domestic sales of Rs 401 crore in Q1FY25 as compared to Rs 67 crore in Q1FY24, Rs 48 crore in Q4FY24 and Rs 189 crore for the FY 2023-24. The company’s EBITDA (a profit of Rs 89 crore in Q1FY25 as against a loss of Rs 42 crore in Q1 FY2024) has also shown substantial improvement. The company has recorded operating profit (PBT – Interest on refund of income tax) amounting to Rs 49 crore for Q1FY25. The company refers to the unpaid income tax liability of Rs 81.26 crore outstanding in its financials as on 31st March 2024 and submits that the same stands adjusted against the income tax refunds forthe AY 2015-16 and AY 2016-17. The interest on the aforesaid income tax refunds amounting to Rs 34.53 crore has been duly recorded as other income. This has cleared the aforementioned incometax liability and the company does not have any pending income tax demands as on date. Result PDF