PC Jewellers net down 15% in Q3 to `138.34 crore
PC Jewellers’s standalone net profit declined about 15% to Rs 138.34 crore in the December 2018 quarter as compared to the year-ago period, mainly due to lower revenues. Its net profit was Rs 162.7 crore in the quarter ended on December 2017, according to a filing to the BSE. Total income in the quarter fell to Rs 2,164 crore as against Rs 2,690.59 crore a year ago. The company Saturday said it continues to work on transformation of its business model by reducing its export turnover, which is reflected in decline of Rs 1,200 crore in the export turnover on a YOY basis. Its overall margin has improved on QOQ as well as YOY basis. The company’s profitability margin has shown improvement on account of higher contribution of domestic business to overall sales. Any decline in the absolute numbers is only account of a de-growth in the export business and overall turnover, it said.