PC Jewellers net down 15% in Q3 to `138.34 crore

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE -

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.

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