PC Jeweller Q1 Results Net Profit Reaches ₹154.80 Crores

PC Jeweller's Q1 results for 2024 show a mixed performance. The company earned ₹400.54 crores from operations, which is a significant increase compared to the previous quarter's ₹48.49 crores and the same period last year's ₹67.42 crores. This growth in revenue indicates that the company is recovering well and gaining more business.

In addition to revenue from operations, PC Jeweller also made ₹38.79 crores from other income, which is higher than the ₹13.96 crores earned in the previous quarter and ₹6.50 crores in the same quarter last year. This helped boost the total income to ₹439.33 crores for the quarter.

Despite the rise in income, the company's expenses remained high at ₹355.92 crores. However, the company still managed to turn a profit before tax of ₹83.41 crores, a big improvement from the loss of ₹123.97 crores in the previous quarter.

The net profit for the period was ₹154.80 crores, a positive change from the losses experienced in previous periods. The company's earnings per share (EPS) also turned positive, reaching ₹3.33, showing a better outlook for the shareholders. PC Jeweller's Q1 2024 results reflect strong revenue growth and a return to profitability.

Source: Here 

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PC Jeweller Q1 Results

The Q1 2024 results for PC Jeweller show a strong recovery in revenue and a return to profitability, indicating positive momentum for the company.

PC Jeweller Stock Performance Overview

The PC Jeweller’s table provides key financial details of stock performance. The Market Cap is ₹4,435 Crore, which shows the total value of all the company's shares. Current Price is ₹95.3, meaning one share of PC Jeweller is priced at ₹95.3. The High / Low (52-Week) is ₹98.6 / ₹25.4, showing the highest and lowest prices of the stock in the past year.

Here is the information in table format:

Quarterly Results 

PC Jeweller’s quarterly results show a significant improvement over the past months. In December 2023, the company faced high expenses and interest costs, resulting in a negative operating profit and net loss. By March 2024, while expenses decreased, the company still reported a small negative operating profit and net loss.

Here’s the Quarterly Financial Results Summary:

(Figures in ₹ Crores)

About PC Jeweller 

PC Jeweller Limited, established in April 2005, is a leading jewelry company headquartered in New Delhi, India. The company was started by two brothers, Padam Chand Gupta and Balram Garg. They opened their first showroom in Karol Bagh, Delhi, and since then, PC Jeweller has expanded significantly.

Today, PC Jeweller operates 80 stores across 66 cities in 17 states and Union Territories in India. The company specializes in gold, diamond, and silver jewelry. They are known for their high-quality products, including hallmarked gold jewelry and certified diamond jewelry.

PC Jeweller’s business model focuses on opening large, standalone stores in prominent, high-traffic locations. This strategy helps them reach a wide customer base and offer a diverse range of jewelry options. They are committed to maintaining high standards of quality and customer service, which has contributed to their growth and success in the competitive jewelry market.