Pc Jewellers

PC Jeweller Q2 results: Revenue up at 63% to ₹808 cr, debt down 23%

PC Jeweller Ltd on Thursday said its revenue grew about 63 per cent year-on-year in the second quarter of this fiscal on better demand for gold jewellery during the festive season. Delhi-based PC Jeweller, which has 52 showrooms, of which 49 are company-owned, further reduced its debt by 23 per cent during the latest September quarter. In a regulatory filing, Delhi-based PC Jeweller shared operational update for the July-September quarter of the 2025-26 fiscal. The company informed that it has posted a strong performance in the July-September period, driven by strong consumer demand during the ongoing festive season. The company achieved "standalone revenue growth of approximately 63 per cent compared to the corresponding quarter of the previous financial year", it added. During the quarter, the company expanded its retail presence by opening a franchise-owned showroom in Pitampura, Delhi. To expand business, the company has adopted a strategy of balanced growth through a mix of

PC Jeweller to raise ₹500 crore via preferential issue to repay debt

The preferential allotment of equity securities will be made to promoter and non-promoter investors as the company aims to be debt-free by March 2026

PC Jeweller shares drop 10% after NSE, BSE place stock under surveillance

At 01:35 PM, PC Jeweller shares were trading at ₹17.80, down by 4.81 per cent on the National Stock Exchange.

PC Jeweller clocks 80% revenue growth in Q1, to be debt free in FY26

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 .

Gold-linked stocks: Manappuram Fin hits all time high, Muthoot Fin gains

Manappuram Finance stock hit all time high and Muthoot Finance stock gained after gold prices crossed ₹1,00,000

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 ...

PC Jeweller cuts 56% debt in FY25, to become debt-free by Mar FY26: MD

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

PC Jeweller Q3 results: Net profit at Rs 148 cr on strong festive demand

The company posted a consolidated net profit of Rs 148 crore in the quarter ending Dec. 31, compared with a loss of Rs 198 crore a year earlier and a profit of Rs 179 crore in previous quarter

Jewellery stock gains 5% after co fixes record date for 1:10 stock split

PC Jeweller share price gained up to 4.97 per cent at Rs 163.45 a piece on the BSE in Friday's intraday trade

PC Jewellers stock surges 5% on turnaround in Q2; sales grow 1,430% YoY

Shares of PC Jewellers gained up to 4.98 per cent at Rs 185.25 per share on the BSE in Monday's intraday trade

PC Jeweller share at 5% upper circuit as board okays stock split, fundraise

PC Jeweller share price hit upper circuit after announcing that the board has approved the stock split and fundraising plan via warrants.

PC Jeweller to raise Rs 2,705 cr via warrants; focus on loan settlement

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

PC Jewellers gets PNB clearance for one-time settlement of outstanding dues

PC Jeweller Ltd on Sunday said that Punjab National Bank has given its approval for one-time settlement of its outstanding dues. In a regulatory approval, PC Jeweller informed that "Punjab National Bank, the third largest bank after State Bank of India amongst consortium banks of the company in terms of its exposure, has conveyed its approval to the One Time Settlement (OTS) proposal submitted by the company." PC Jeweller had opted for OTS to settle the outstanding dues with a consortium of banks. The terms and conditions of approved OTS include cash and equity components payable under settlement, release of securities and mortgaged properties etc, the filing said. PC Jeweller did not mention the outstanding dues with all banks and also the details of OTS. 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 and favourable consideration of its OTS proposal by the banks are positive .

PC Jeweller gets board approval to raise Rs 2,000 cr fund via rights issue

PC Jeweller on Tuesday said its board has approved a proposal to raise Rs 2,000 crore through rights issues and preferential allotment of fully convertible warrants. The board in a meeting held on Tuesday also approved a proposal to increase the authorised share capital and alteration in the capital clause of the memorandum of association, a regulatory filing said. Out of the total of Rs 2,000 crore, the company said its board approved the plan to raise Rs 1,500 crore by way of rights issue of equity shares of Rs 10 per each to the eligible equity shareholders. The record date for the same will be notified later. The issue size of up to Rs 1,500 crore would be subject to regulatory and other approval, the filing said. That apart, the company said the board approved raising up to Rs 500 crore through a preferential allotment of fully convertible warrants. "The proceeds of the preferential issue will be utilised towards the payment of financial liabilities of the company, subject to

Stocks to Watch on Mar 22: Bharat Dynamics, IT stocks, Prestige, L&T, PCBL

Stocks to Watch on March 22, 2024: Bharat Dynamics' board has approved an Interim Dividend of Rs 8.85 and a stock split of one share into two shares

Gold hits new high; Jewellery related shares dip up to 5% on demand worries

Gold futures scaled a new high of $2,150 per ounce in international markets on hopes of Fed rate cut; but domestic demand a concern for jewellers back home.

PC Jeweller Q3 results: Loss widens to Rs 198 crore, revenue down 95%

The company has proposed a one-time settlement of its unpaid debt to lenders, who have agreed in-principle to seek internal approval for the proposal, it said on Wednesday

State Bank of India takes PC Jewellers to NCLT over loan account default

The bank, who filed an insolvency plea against the jewellery company in NCLT, had classified PC Jeweller's loan account as a non-performing asset in June, 2021

Firm buying to keep the rally going in gold jewellery stocks, say analysts

Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex

RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.