PC Jeweller’s shares rose 4.42 percent, reaching a 52-week high of Rs 99.46 in intraday trading on the BSE. The shares rose on Wednesday as the company announced an increase in net profits in the April-June quarter of fiscal year 2024-25 (Q1FY25).
The income from operations for the first quarter of FY25 was Rs 401 crore, up 158% from Rs 67 crore in Q1FY24. Profit after tax (PAT) for the firm came to Rs 155 crore, a huge turnaround from a loss of Rs 173 crore during the same period the previous year.
Earnings before interest, taxes, depreciation and amortization (Ebitda) for the June quarter were Rs 89 crore, up from a negative of Rs 42 crore in the first quarter of FY24, representing a Rs 131 crore increase.
In an exchange filing, the management shared, “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.”
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