PC Jewellers reports net loss of Rs77cr in Q3FY22; stock tanks 6.5%

15 Feb 2022 , 11:50 AM

PC Jewellers Ltd has reported total revenue of Rs600 crore for Q3FY22 against Rs1,373 crore for Q3FY21, registering declining by a whopping 56% yoy. Revenue for the 9 months ended December 2021 stood at Rs1405 crore as compared to Rs1802 crore for the corresponding period.

Its EBITDA for the current quarter was reported at Rs34 crore, and it posted a loss before any taxes (PBT) for Q3FY22 at Rs95 crore.
Net loss for the current quarter was reported at Rs77 crore.

The company’s Gross Margin downgraded heavily from 18.25% for Q3FY21 to 10.50% for Q3FY22. While EBITDA margins also narrowed to 5.68% for Q3FY22 from 15.28% in Q3FY21.

PBT Margins reported were negative 15.78% in Q3FY22 against a positive margin of 7.46% in Q3FY21.

Company’s revenue from exports grew to Rs196 crore for 9 months ended Q3FY22 against Rs55 crore for 9 months ended Q3FY22.

PC Jewellers was last trading at Rs22.25 against its previous closing price of Rs23.80, down by Rs1.55 or 6.51% on NSE.