Latest news with #Jeweller
Economic Times
04-08-2025
- Business
- Economic Times
PC Jeweller shares rally 6% after management signals debt-free roadmap by FY26-end
Rs 1,800 crore equity infusion planned Live Events Improved financial performance in Q1 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of PC Jeweller climbed as much as 6.1% on Monday to Rs 15.94 on the BSE after Managing Director Balram Garg said the company had reduced its net debt by 19% in the past four months and would become debt-free by the end of the current financial year."We have repaid bank loans worth Rs 335 crore during the April-July period of this fiscal year," Garg told PTI, adding that the company's net debt had fallen to Rs 1,445 crore at the end of July, down from Rs 1,780 crore at the start of FY26. The company is repaying its loans using internal accruals as well as funds raised from promoters and investors "We will become debt-free by the end of this fiscal year," Garg Jeweller had indicated in its investor presentation that it had reduced its outstanding bank debt by more than 50% in FY25 under a settlement agreement with its financial institutions. According to the company, the debt was further trimmed by 8.7% during the June quarter of FY26 and by another 10.1% in July further accelerate deleveraging, PC Jeweller's board in July approved a proposal to raise Rs 500 crore from promoters and Capital Ventures Pvt Ltd. Additionally, the company is set to receive Rs 1,300 crore from the conversion of warrants into equity shares by promoters and total Rs 1,800 crore infusion is intended to help the company clear its outstanding debt Jeweller also reported a 4% year-on-year rise in consolidated net profit to Rs 161.93 crore for the quarter ended June 2025, compared with Rs 156.06 crore in the year-ago period. Revenue surged to Rs 807.88 crore during the quarter, up from Rs 439.78 crore in the corresponding period last year, the company said in a regulatory company, which operates 52 showrooms across major Indian cities, 49 of which are company-owned, has been focusing on consolidating operations and enhancing told PTI that the Indian jewellery market is increasingly shifting towards organised players, supported by government initiatives such as mandatory hallmarking. "The hallmarking scheme ... has ensured the quality of the products for consumers," he said.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Glasgow Times
28-07-2025
- Entertainment
- Glasgow Times
Show to bring castles to life at Motherwell centre
The Glasgow Science Centre Castle Rock Show will take place at North Lanarkshire Heritage Centre in Motherwell on Wednesday, July 30. This show is designed to explore the science and engineering behind our historic castles, investigating their construction, destruction, and preservation.. Tickets are priced at £3.50 per child, with family tickets available for £12, and can be purchased online here: Read more: Play day to take place in Glasgow as health board encourages kids to stay active Jeweller to showcase new work inspired by 'love of nature' at upcoming Glasgow market Shows, running for approximately 30 minutes each, will take place at 1pm, 2pm, and 3pm. The show is suitable for ages three and up, though children are expected to be accompanied by an adult. More information, including how to book tickets, is available on the North Lanarkshire Heritage Centre Facebook page.
