PC Jeweller Ltd. (BSE: 534809, NSE: PCJEWELLER), one of the leading and fastest-growing jewellery retail chains in India, has reported stellar earnings for the quarter and half year ended 30 September 2024.
The consumer demand and footfall exhibited a significant improvement in Q1 FY25 and this momentum has further increased in Q2 FY25, the result of which is clearly visible in the company’s topline as well as bottom line.
For Q2FY25, the company reported revenue at Rs. 505 Crores, recording a growth of 1430% YoY. The EBITDA was reported at Rs. 129 Crores. PBT came in at Rs. 124 Crores.
For H1FY25, the revenue recorded an increase of 797% YoY, and came in at Rs. 906 Crores. EBITDA came in at Rs. 218 Crores, and PBT was reported at Rs. 207Crores.
In continuation to the company’s efforts to amicably settle its issues with the banks, during Q2 FY25, the company’s Offer for Settlement (OTS) was approved by the competent authorities of all the 14 banks of the consortium. Further, the company has executed a Settlement Agreement with the consortium banks on 30th Sep 2024 and as per the terms of the Settlement Agreement, the Company has discharged and paid part of the cash consideration that it had to pay to the Lenders at the time of execution of Settlement Agreement. A substantial portion of this consideration was raised from the Promoter Group entities by means of subscribing to preferential issues of Fully Convertible Warrants of the Company.