PC Jeweller declares Q3FY22 result: Q3 FY 2022 Sales : Rs 600 crores Q3 FY 2022 PAT : Rs (77) crores Q3 FY 2022 EBITDA : Rs 34 crores Q3 FY 2022 PBT : Rs (95) crores Q3 FY 2022 Domestic Retail Sales : Rs 600 crores Q3 FY 2022 Domestic EBITDA : Rs 33 crores The company’s domestic sales during the three quarters of the current FY have been as under Q1 Rs 245.93 cr Q2 Rs 363.12 cr Q3 Rs 609.19 cr It may be observed that the company’s total domestic sales during Q3 were equivalent to the combined domestic sales during Q1 and Q2. The company inspite of being EBITA positive is showing losses at the PBT Level on account of finance cost provisions. The company’s accounts continue to remain classified as NPA in its Lenders books. It has however, submitted its resolution proposal to its Lenders in the last week of December which is under consideration. The company has applied for rationalization of its interest costs as well as waiver of penal charges in its resolution proposal which after approval will greatly help it to become profitable again. The company has also repaid Rs 185 crores to its lenders during Q3 The Q4 of this FY has again started on a somber note on account resurgence of Covid infections and restrictions on the wedding functions. However, the infections are now subsiding and restrictions are being lifted across all the states. The company is thus very hopeful of normal business days during the upcoming Navratras, summer wedding season and Akshay Tritya after two years of disruption. Result PDF
Highlights: Q2 FY 2022 Sales : Rs 559 crores Q2 FY 2022 EBITDA : Rs 39 crores Q2 FY 2022 PBT : Rs (75) crores Q2 FY 2022 PAT : Rs (76) crores Q2 FY 2022 Domestic Retail Sales : Rs 363 crores Q2 FY 2022 Domestic EBITDA : Rs 36 crores Q2 FY 2022 Export Sales : Rs 196 crores Result PDF