Kalyan Jewellers Posts Strong Q1 Results: Net Profit Surges by 33.2% to Rs 143.5 Crore

9 Aug 2023 , 12:56 PM

Kalyan Jewellers India Ltd announced its consolidated net profit of Rs 143.5 crore for the June quarter of FY24 on August 9, reflecting a notable 33.2% increase compared to the profit of Rs 107.7 crore in the corresponding quarter of the previous fiscal year.

The company reported revenue of Rs 4375.7 crore, marking a substantial 31.2% growth from Rs 3,332.6 crore in the same period last year, according to a regulatory filing.

During the quarter, the company’s Earnings Before Interest, Tax, Depreciation, and Amortization (EBIDTA) reached Rs 322.8 crore, showcasing a commendable growth of 22.2%. The EBIDTA margin was registered at 7.4%, experiencing a decline of 50 basis points year-on-year. (Note: One basis point equals one-hundredth of a percentage point.)

Following the earnings report, the share price of Kalyan Jewellers surged by 3.46% to reach Rs 183.80 as of 12.56 pm on the NSE.