06 Dec 2019 | 2:33 PM

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COMPANYNEWS
PC Jeweller L Q2 net profit down 57.49% at Rs 39.84 cr
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Published on 11-15-2019
The company reported standalone net profit of Rs 39.84 crore for the quarter ended September 30 2019 as compared to Rs 93.72 crore in the same period last year registering a year-on-year decline of 57.49 per cent.


Net revenue of the company declined substantially by 31.21 per cent at Rs 1124.75 crore in July-September quarter of this fiscal as against Rs 1635.08 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 30.13 per cent to Rs 998.68 crore from Rs 1429.28 crore in year ago period.


Other Income dipped by 43.06 per cent at Rs 16.00 crore versus (Sep`18 Rs 28.10 crore).


Operating Profit slipped by 38.74 per cent to Rs 126.07 crore as against Rs 205.80 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.96 per cent in September quarter.


Interest declined by 6.90 per cent y-o-y to Rs 90.93 crore while Taxation decreased by 91.55 per cent at Rs 3.23 crore (Sep`18 Rs 38.21 crore).