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PC Jeweller
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. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, PC Jeweller informed that the company closed the April-June quarter on a very strong note clocking a robust performance. "Despite the volatility in gold prices, the company was able to achieve a standalone revenue growth of approximately 80 per cent, as compared to the corresponding quarter of the previous financial year," PC Jeweller said. The company saw high demand for its products, as consumers purchased jewellery for weddings and festivals. "Further, the company had already reduced its outstanding debts towards its bankers by more than 50 per cent during 2024-25," PC Jeweller said. The company expressed confidence of becoming debt free in the .
PC Jeweller Ltd has reduced bank loans by more than half to about Rs 1,800 crore this fiscal year and aims to become debt-free by March next year on better sales and fundraise, its MD Balram Garg said. PC Jeweller, which sells gold and silver jewellery, has 55 showrooms across 15 states. In September, Delhi-based PC Jeweller executed a settlement agreement with a consortium of 14 banks led by SBI to clear its outstanding loan, which stood at nearly Rs 4,100 crore as on March 31, 3024. "Our bank loans is expected to come down to Rs 1,775 crore at the end of the current fiscal. We are targeting to further reduce our bank loans and become debt free by March 2026," Garg told PTI in an interview. He said the company will get more than Rs 1,500 crore in the next fiscal from investors as proceeds against preferential issue of warrants and the same will be utilised to clear bank loans. In October last year, the preferential issue of fully convertible warrants amounting to Rs 2,702.11 crore
P C Jeweller Ltd has reported a consolidated net profit of Rs 147.96 crore for the latest December quarter. The company had posted a net loss of Rs 197.98 crore for the year-ago period. Total income jumped multi-fold to Rs 683.44 crore in the third quarter of this fiscal from Rs 43.48 crore in the year-ago period, according to a regulatory filing on Tuesday. P C Jeweller said the company has witnessed a strong jewellery demand during the December quarter owing to festive and wedding season. "The company's growth has exhibited a robust momentum fuelled by increase in consumer footfall and purchases. The same has replicated into its financials for Q3 FY 2025," it added. P C Jeweller has 55 showrooms (including 3 franchisee showrooms) in 41 cities across 15 states in India.
PC Jeweller Ltd's board has approved issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt. In a regulatory filing on Wednesday, the company informed that the board has approved "issuance of 5,17,11,462 equity shares to the Consortium Lenders for settling part of their outstanding debts by way of preferential allotment on private placement basis". The consortium lenders will be classified under 'Non-Promoter, Public Category'. The shares will be issued at a price, which is higher than the floor price. PC Jeweller has opted for OTS (one-time settlement) for its outstanding dues with a consortium of banks. The terms and conditions of approved OTS include cash and equity components payable under the settlement, release of securities and mortgaged properties etc. In an investor presentation in late May, PC Jeweller mentioned that the withdrawal of the petition from the National Company Law Tribunal (NCLT) by SBI an
PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants on a preferential basis to promoters and investors, mainly to settle bank loans and for working capital requirements. Promoters will infuse around Rs 850 crore into the company by subscribing to warrants issued by the company. In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants. "The funds will be utilised primarily for settlement of bank loans. Around 75 per cent of the fund will be used for repaying bank loans and the rest 25 per cent for working capital requirements," PC Jeweller MD Balram Garg told PTI. He said the promoters would infuse Rs 850 crore into the company, while the remaining amount would be raised from investors. According to the filing, the board approved the issuance and allotment of up to 48,13,42,500 fully convertible warrants by way of preferential allot