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Kalyan Jewellers' Profit after Tax at 108 crore in June quarter; Stock soars 2.7%

The Company registered consolidated revenue of Rs3,333 crore for Q1FY23, a growth of 104%.

August 05, 2022 9:16 IST | India Infoline News Service
Kalyan Jewellers India Limited has witnessed continued robust momentum in both footfalls and revenue across markets in India and in the Middle East during recently concluded quarter i.e. June 30, 2022.
The Company registered consolidated revenue of Rs3,333 crore for Q1FY23, a growth of 104% as compared to Rs1,637 crore in the corresponding quarter of the previous year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was recorded at Rs264 crore, a growth of 283% as compared to Rs69 crore in the same quarter of the previous year. 
Consolidated PAT for the quarter was recorded at Rs108 crore, as compared to a loss of Rs51 crore for the same period of the previous year. Kalyan’s business has seen a significant acceleration in scale, growth and profitability led by industry tailwinds and strong execution, and recorded a consolidated Profit After Tax in the Last Twelve Months of Rs383 crore, ~170% higher than pre-COVID (FY20) levels of Rs142 crore.
Standalone revenue for the Company (India) was at Rs2,719 crore, a growth of 113% as compared to Rs1,274 crore in Q1 of the previous year. EBITDA in India was Rs218 crore for the quarter, a growth of 336% as compared to Rs50 crore in the same quarter of the previous year. PAT in India for the quarter stood at Rs95 crore, as compared to a loss of Rs43 crore in the corresponding quarter of the previous year.
The e-commerce division, Candere, registered a revenue of Rs44 crore during the quarter as against Rs24 crore in the corresponding quarter of the previous year. The quarter recorded a loss of Rs1.2 crore as against a profit of Rs31 lakhs for the corresponding quarter of the previous year.

On Friday early morning trade, Kalyan Jewellers India was trading at Rs72.25 per share up by Rs1.9 or 2.7% from its previous closing of Rs70.35 per share on the BSE.

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