PC Jeweller Q1 results : profit at ₹156.06Cr, Revenue increased by 492.72% YoY

PC Jeweller Q1 Results Live : PC Jeweller Q1 Results Live: PC Jeweller declared their Q1 results on 14 Aug, 2024. The topline surged by an impressive 492.72% year-on-year, reaching ₹156.06 crore in profit. This is a significant turnaround considering the company had reported a loss of ₹171.62 crore during the same period in the previous fiscal year. Compared to the previous quarter, the revenue experienced a substantial growth of 727.28%.

In addition to the remarkable revenue growth, the company also managed to reduce its costs effectively. The selling, general, and administrative expenses declined by 17.01% quarter-on-quarter and decreased by 45.39% year-on-year, contributing to the improved financial performance.

The operating income for PC Jeweller saw a dramatic increase, rising by 946.02% quarter-on-quarter and up by 196.29% year-on-year, further highlighting the company's successful cost management and revenue generation strategies.

The earnings per share (EPS) for Q1 stood at ₹3.35, which marks a substantial increase of 190.79% year-on-year, reflecting the company's enhanced profitability.

PC Jeweller has also delivered robust returns to its investors, with a 2.87% return in the last week, 83.39% return over the last six months, and an impressive 98.31% year-to-date return.

Currently, PC Jeweller boasts a market capitalization of ₹4310.11 crore, with a 52-week high of ₹99.3 and a low of ₹25.45. This significant growth trajectory underscores the company's strong market position and positive investor sentiment.