a day ago
PC Jeweller share price zooms 18% on robust June quarter sales
PC Jeweller Share Price: Shares of PC Jeweller Limited climbed over 18 per cent on Friday, July 4. At around 3 pm, shares of the company traded at Rs 16.56 apiece, up 18.12 per cent. About 4024.93 lakh shares changed hands at the same time.
PC Jeweller Ltd has reported around 80 per cent growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt free this fiscal.
In an exchange filing, the company informed that it closed the April-June quarter on a very strong note clocking a robust performance.
'Despite the volatility in the gold prices, the Company was able to achieve a standalone revenue growth of approximately 80% as compared to the corresponding quarter of the previous financial year. The Company witnessed high demand of its products on account of wedding / festive purchases by its customers during the quarter.
Further, the Company had already reduced its outstanding debts towards its bankers by more than 50% during FY 2024-25. The Company is targeting and is confident of discharging its complete obligations due towards its bankers by the end of FY 2026 and thereby become debt free. For achieving its target, the Company has further reduced its outstanding debts towards its bankers by another approximately 7.50% during the quarter.
The Company continues to revamp and strengthen all the aspects of its operations, the results of which are visible in its financials. The Company is optimistic about delivering exceptional performance in the upcoming quarters as well,' it said in a regulatory filing.
PC Jeweller Limited is a component of the BSE SmallCap. According to the BSE analytics (as of July 4), shares of PC Jeweller Limited gave a positive return of 31.18 per cent and 33.99 per cent in the last 1 week and 2 weeks, respectively. In the last 1 month and 3 months, shares of the company gained 36.13 per cent and 20.56 per cent, respectively. In the past 1 year, 2 years, 3 years, and 5 years, shares of the company up 216.57 per cent, 501.48 per cent, 557.49 per cent, and 872.46 per cent, respectively.
PC Jeweller paid its last dividend in 2018 of Re 0.50. In 2014, 2015, 2016, and 2017, the company declared dividends of Rs 1.50, Rs 3.20, Rs 3.35, and Re 1, respectively.
PC Jeweller issued bonuses for its shareholders in the ratio of 1:1 in 2017.
