PC Jeweller Ltd's Q1FY19 standalone net profit rises 4.5% yoy to Rs141.93cr: In-line with Estimates

The company’s standalone revenue in the period stood at Rs2,423.21cr, up 14.57% yoy and 15.21% qoq.

Aug 10, 2018 11:08 IST India Infoline Research Team

PC Jeweller Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 2,423.21 14.6
EBITDA 248.39 5.5
EBITDA Margin (%) 10.3 [89]
Net Profit (adjusted) 141.93 4.5
***EBITDA margin change is bps
PC Jeweller Ltd’s revenue grew 14.6% yoy and 15.2% qoq to Rs2,423cr. EBITDA came in at Rs248cr, up 5.5% yoy and 15.5% qoq. EBITDA margin contracted 89bps yoy and 2bps qoq to 10.25%. Adjusted PAT stood at Rs142cr, up 4.5% yoy and 20% qoq. Adjusted PAT came in-line with the estimates of Rs136cr.

• Domestic and export revenue grew 16.9% yoy and 9.7% yoy to Rs1,615cr and Rs808cr, respectively.
• Cost of goods sold stood at 86.9% of revenue vs 85.7% yoy, which affected EBITDA margins.
• Other expenses stood at 1.7% of sales vs 2.2% yoy.
• Finance cost grew 33.1% yoy to Rs83cr impacting the PAT growth which grew only 4.5% yoy despite 5.5% yoy EBITDA growth.

Technical View:

PC Jeweller Ltd ended at Rs101.15, up 0.05 points, or 0.05%, from its previous close of Rs101.10 on the BSE. The scrip opened at Rs105 and touched a high and low of Rs109.20 and Rs95.20, respectively. A total of 4,67,11,281 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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