Latest news with #PCJewellers
India.com
30-05-2025
- Business
- India.com
After strong Q4 results, This company's shares update on convertible warrants
इंवेस्टमेंट से पहले रिस्क को जांच लें Shares of PC Jewellers Ltd are focus today as the company has informed exchanges that the board of directors of the company has allotted 30.84 lakh equity shares of face value of Re 1 on conversion of 3,08,42,400 warrants. The stock opened in the green at Rs 12.63 on the BSE against the previous close of Rs 12.61. It gained further to touch the high of Rs 12.74. The 52-week high of this jewellery stock is Rs 19.60 and the 52-week low is Rs 4.41. The market cap of the company is Rs 8,014 crore. 'Conversion of 30,84,240 Warrants into 3,08,42,400 fully paid-up equity shares of Re 1 each at an issue price of ₹5.62 each (including a premium of ₹4.62 per share) after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the company from 1 equity share of ₹10 each to 10 equity shares of Re 1 each,' the domestic jeweller informed exchanges. Q4 Results: PC Jewellers Turns Profitable PC Jewellers has turned profitable and posted a consolidated net profit of Rs 94.78 for the fourth quarter of 2024-25 on higher sales. The company had reported a net loss of Rs 121.64 crore a year ago, according to a regulatory filing on Sunday. Its total income rose to Rs 699.02 crore during the January-March quarter of the 2024-25 fiscal from Rs 48.49 crore in the year-ago period. For the full 2024-25 fiscal, the company clocked a consolidated net profit of Rs 577.70 crore against a net loss of Rs 629.36 crore in the previous year. PC Jewellers said the FY25 was a turnaround year for the company as it successfully completed its fundraising via the preferential issue of fully convertible warrants, amounting to Rs 2,702.11 crore with a subscription of 99.89 per cent. Further, the company executed a Settlement Agreement with the consortium banks and as of March 31, 2025, discharged all its obligations on relevant timelines. With PTI inputs
Mint
29-05-2025
- Business
- Mint
THIS multibagger jewellery stock to be in focus on Friday; here's why
PC Jewellers share price: PC Jeweller's share price will be in focus during Friday's market session after the jeweller announced on Thursday, May 29, that it has allotted 30.84 lakh fully convertible warrants into equity shares. The small-cap stock has delivered massive 1,100 per cent multibagger returns to investors in the last five years. The stock has gained over 171 per cent in a year. PC Jeweller Ltd has announced the conversion of 30.84 lakh fully convertible warrants into equity shares, resulting in the allotment of 3,08,42,400 equity shares of face value Re 1 each to a promoter group entity. This move has increased the paid-up equity share capital from ₹ 654.45 crore to ₹ 657.54 crore. The warrant conversion is part of the company's larger preferential allotment of 48.08 crore warrants approved earlier for both promoter and non-promoter groups. The promoter group's stake increased from 39.80 per cent to 40.08 per cent, while the public shareholding marginally declined from 60.20 per cent to 59.92 per cent. 'The Board of Directors of the company vide a resolution passed by circulation on May 29, 2025 has allotted 3,08,42,400 equity shares of face value of Re 1 each, on conversion of 30,84,240 warrants, to 1 allottee belonging to 'Promoter Group', after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the company from 1 equity share of ₹ 10 each to 10 equity shares of Re 1 each w.e.f. December 16, 2024, upon receipt of the balance amount aggregating to ₹ 13,00,00,716 at the rate of ₹ 42.15 per warrant (being 75 per cent of the issue price per warrant) pursuant to the exercise of their rights of conversion of warrants into equity shares in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018,' said PC Jewellers.
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Business Standard
26-05-2025
- Business
- Business Standard
PC Jewellers turns profitable, posts Q4 net profit at Rs 94.78 cr
PC Jewellers has turned profitable and posted a consolidated net profit of Rs 94.78 for the fourth quarter of 2024-25 on higher sales. The company had reported a net loss of Rs 121.64 crore a year ago, according to a regulatory filing on Sunday. Its total income rose to Rs 699.02 crore during the January-March quarter of the 2024-25 fiscal from Rs 48.49 crore in the year-ago period. For the full 2024-25 fiscal, the company clocked a consolidated net profit of Rs 577.70 crore against a net loss of Rs 629.36 crore in the previous year. PC Jewellers said the FY25 was a turnaround year for the company as it successfully completed its fundraising via the preferential issue of fully convertible warrants, amounting to Rs 2,702.11 crore with a subscription of 99.89 per cent. Further, the company executed a Settlement Agreement with the consortium banks and as of March 31, 2025, discharged all its obligations on relevant timelines. Also, during the FY 2025, the company has reduced its outstanding debts towards its bankers by approximately 50 per cent. "The company is confident to fully repay the remaining outstanding debt towards its bankers by the end of FY26 and become debt free," the company added. According to PC Jewellers, the total number of shareholders has increased by approximately 44 per cent since the sub-division/split. The company remains confident of further increasing its market share in the industry and catering to the changing needs of its customers and is poised for an even better FY26, it added. PC Jewellers has 49 owned and three franchised stores as of March 31.
Economic Times
26-05-2025
- Business
- Economic Times
PC Jewellers turns profitable, posts Q4 net profit at Rs 94.78 cr
Synopsis PC Jewellers has turned profitable and posted a consolidated net profit of Rs 94.78 for the fourth quarter of 2024-25 on higher sales. The company had reported a net loss of Rs 121.64 crore a year ago, according to a regulatory filing on Sunday. PC Jewellers has turned profitable and posted a consolidated net profit of Rs 94.78 for the fourth quarter of 2024-25 on higher sales. The company had reported a net loss of Rs 121.64 crore a year ago, according to a regulatory filing on Sunday. Tired of too many ads? Remove Ads Its total income rose to Rs 699.02 crore during the January-March quarter of the 2024-25 fiscal from Rs 48.49 crore in the year-ago period. For the full 2024-25 fiscal, the company clocked a consolidated net profit of Rs 577.70 crore against a net loss of Rs 629.36 crore in the previous year. PC Jewellers said the FY25 was a turnaround year for the company as it successfully completed its fundraising via the preferential issue of fully convertible warrants, amounting to Rs 2,702.11 crore with a subscription of 99.89 per cent. Further, the company executed a Settlement Agreement with the consortium banks and as of March 31, 2025, discharged all its obligations on relevant timelines. Tired of too many ads? Remove Ads Also, during the FY 2025, the company has reduced its outstanding debts towards its bankers by approximately 50 per cent. "The company is confident to fully repay the remaining outstanding debt towards its bankers by the end of FY26 and become debt free," the company added. According to PC Jewellers, the total number of shareholders has increased by approximately 44 per cent since the sub-division/split. The company remains confident of further increasing its market share in the industry and catering to the changing needs of its customers and is poised for an even better FY26, it added. PC Jewellers has 49 owned and three franchised stores as of March 31.
Time of India
26-05-2025
- Business
- Time of India
PC Jewellers turns profitable, posts Q4 net profit at Rs 94.78 cr
PC Jewellers has turned profitable and posted a consolidated net profit of Rs 94.78 for the fourth quarter of 2024-25 on higher sales. The company had reported a net loss of Rs 121.64 crore a year ago, according to a regulatory filing on Sunday. Its total income rose to Rs 699.02 crore during the January-March quarter of the 2024-25 fiscal from Rs 48.49 crore in the year-ago period. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo For the full 2024-25 fiscal, the company clocked a consolidated net profit of Rs 577.70 crore against a net loss of Rs 629.36 crore in the previous year. PC Jewellers said the FY25 was a turnaround year for the company as it successfully completed its fundraising via the preferential issue of fully convertible warrants, amounting to Rs 2,702.11 crore with a subscription of 99.89 per cent. Further, the company executed a Settlement Agreement with the consortium banks and as of March 31, 2025, discharged all its obligations on relevant timelines. Live Events Also, during the FY 2025, the company has reduced its outstanding debts towards its bankers by approximately 50 per cent. "The company is confident to fully repay the remaining outstanding debt towards its bankers by the end of FY26 and become debt free," the company added. According to PC Jewellers, the total number of shareholders has increased by approximately 44 per cent since the sub-division/split. The company remains confident of further increasing its market share in the industry and catering to the changing needs of its customers and is poised for an even better FY26, it added. PC Jewellers has 49 owned and three franchised stores as of March 31.
