PC Jeweller Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 24, 2016 at 05:01 am
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PC Jeweller Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, net sales were INR 21,804.862 million against INR 18,246.922 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,981.816 million against INR 1,967.775 million a year ago. Profit from ordinary activities before tax was INR 1,800.690 million against INR 1,523.265 million a year ago. Net profit for the period was INR 1,461.381 million or INR 8.16 diluted per share against INR 1,092.975 million or INR 6.10 diluted per share a year ago.
For the nine months, the company reported net sales were INR 53,607.237 million compared with INR 43,283.267 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 5,499.885 million compared with INR 5,011.187 million for the same period last year. Profit from ordinary activities before tax was INR 4,334.498 million compared with INR 3,705.878 million for the same period last year. Net profit for the period was INR 3,218.266 million or INR 17.97 diluted per share compared with INR 2,580.969 million or INR 14.41 diluted per share for the same period last year.
PC Jeweller Limited is an India-based company that is engaged in the business of manufacturing, selling and trading of jewellery. The Company offers a wide range of jewellery, including 100% hallmarked gold jewellery. The Company is engaged in the business of trading, manufacturing and sale of gold, diamond, silver, precious stone, gold jewellery/items, diamond studded jewellery and silver articles of various designs/specifications. It offers various products, such as rings, earrings, pendants, gold chains, bracelets and bangles, nose pins and necklaces. Its ring type includes daily wear, engagement, solitaire, cocktail, office wear, men's, floral, hearts, round, square and triangle. The earrings type includes drop, hoops, jhumkas, sui dhaga, ear cuffs, heart, oval, round, square, triangle, and leaves and flowers. The Company's subsidiaries include PC Universal Private Limited, Luxury Products Trendsetter Private Limited, PC Jeweller Global DMCC, and PCJ Gems & Jewellery Limited.