Gems & Jewellery company PC Jeweller announced Q2FY25 results Financial Highlights: Sales : Rs 505 crore v/s Rs 33 crore in Q2FY24 EBITDA : Rs 129 crore v/s Rs (23) crore in Q2FY24 PBT : Rs 124 crore v/s Rs (152) crore in Q2FY24 PAT : Rs 179 crore v/s Rs (152) crore in Q2FY24 Business Highlights: The consumer demand and footfall exhibited a significant improvement in Q1FY25 and thismomentum has further increased in Q2FY25, the result of which is clearly visible in the company’stopline as well as bottomline. The company has recorded domestic sales of Rs 505 crore in Q2FY25 as compared to Rs 33 crore in Q2FY24, and Rs 906 crore in H1FY25 as compared to Rs 101 crore in H1FY24. The company’s EBITDA (a profit of Rs 129 crore in Q2FY25 as against a loss of Rs 23 crore in Q2FY24, and a profit of Rs 218 crore in H1FY25 as against a loss of Rs 65 crore in H1FY24) hasalso shown substantial improvement. The company has recorded operating profit (PBT – Interest on refund of income tax) amounting to Rs89 crore for Q2FY25 as compared to a loss of Rs 152 crore for Q2FY24. The reduction in custom duty on gold imports from 15% to 6% announced in the Union Budget, alsocontributed in the strong Q2FY25 results. The company continues to maintain a wide network of 57 showrooms (including 4 franchiseeshowrooms) located in 42 cities spread across 15 states across India as on 30th September 2024. Result PDF
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