PC Jewellers continues to lose

about 7 months ago
No Image

PC Jeweller is the top loser on the BSE, going down 10% to Rs.173.25 and seems streaked in a deep hue of red, indicating the mood of the day.

The company reported a very poor set of earnings for Q4FY18. On a 12% (YoY) drop in revenue at Rs.2103 crore, the PBT fell 24% to Rs.123 crore and PAT fell 15.4% at Rs.118 crore.

Its half yearly interest outgo rose 21% at Rs.165 crore, indicating an increase in the borrowings. The worrying aspect is that the near term trend for sales as well as profits remains negative.

Articles you may also like

Popular Comments