Business
PC Jeweller shares to remain in focus on Friday after 61% rise in Q4 net profit
PC Jeweller shares to remain in focus on Friday after 61% rise in Q4 net profit
About this update from Pc Jeweller Ltd.
PC Jeweller shares are likely to remain in focus on Friday after the company reported more than 61 percent rise in consolidated net profit for the March quarter of FY25.The company posted a consolidated net profit of Rs 152.89 crore in the quarter ended March 2025, compared with Rs 94.78 crore in the year-ago period.Revenue from operations rose 33 percent year-on-year to Rs 927.34 crore from Rs 699 crore in the corresponding quarter last fiscal.EBITDA increased 13.4 percent to Rs 164.5 crore from Rs 145 crore a year ago. EBITDA margin stood at 17.7 percent against 20.8 percent in the year-ago period.During the quarter, the company entered into a memorandum of understanding with the National Skill Development Corporation under the Ministry of Skill Development and Entrepreneurship to serve as an industry/franchise partner for the gems and jewellery sector.Under the initiative, the company plans to support the development and onboarding of up to 2 lakh micro-entrepreneurs across the country over five years under the PC Jeweller brand, according to an exchange filing.The company said the initiative is aimed at expanding its retail presence while contributing to employment generation, entrepreneurship development and local economic growth through a nationwide entrepreneur network.During the financial year, the company also signed an MoU with the Government of Uttar Pradesh under the Chief Minister Yuva Udyami Vikas Abhiyan (CM-YUVA) and was onboarded as a franchise brand on the CM-YUVA portal.As part of the initiative, the company will support trained goldsmith entrepreneurs in rural and semi-urban areas to set up 1,000 jewellery retail franchise units, it added.Shares of the company settled higher in Wednesday's trade.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.