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Sunday 22 Dec, 2024 03:58 PM

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Company News

PC Jeweller Ltd

PC Jeweller rallies as board to mull preferential allotment on Dec 11

Dec 09,2024 Hrs IST

The company stated that it will allot shares to consortium lenders for settling part of their outstanding debts in terms of the joint settlement agreement dated 30 September 2024, subject to necessary regulatory, statutory, and other approval(s), if any.

PC Jeweller is one of the leading players in the gems and jewellery segment in India. It is engaged in the manufacture, retail, and export of gold, diamonds and studded jewellery.

The company reported consolidated net profit of Rs 178.88 crore in Q2 FY25 as compared with net loss of Rs 138.13 crore in Q2 FY24. Revenue from operations jumped 12.42% YoY to Rs 504.97 crore during the quarter.

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