PC Jewellers today posted a 40.83 % jump in standalone net profit at Rs 150.59 crore for the quarter ended September on strong sales.
Net profit was Rs 106.93 crore in the same period of the previous year, the company said in a regulatory filing.
Total income increased by 18.78 % to Rs 2,642.98 crore in July-September of 2017-18, from Rs 2,225 crore in the year-ago period.
Revenue from domestic sales rose by 30.10 % to Rs 1,850.96 crore in the period under the review, from Rs 1,422.70 crore a year earlier, while that of exports increased marginally by 5.41 % to Rs 771.36 crore, from Rs 731.91 crore previously
Expenses remained slightly higher at Rs 2,425.15 crore in the second quarter as against Rs 2,072.34 crore in the year- ago period.
However, its impact is seen to be higher on the jewellery sector because of the much bigger percentage of the unorganised segment in this industry, it said in the filing.
The company will strive to increase its market share in coming years, he added.
The stock was trading down by 3.37 % at Rs 364.50 on the BSE today.
The company is into the business of manufacturing and sale of gold jewellery, diamond studded jewellery and silver articles.
No comments:
Post a Comment