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PC Jeweller Ltd. Reports Strong Q1 Performance and Debt Reduction Progress

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PC Jeweller Ltd. Reports Strong Q1 Performance and Debt Reduction Progress

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An announcement from PC Jeweller Ltd. ( (IN:PCJEWELLER) ) is now available.

PC Jeweller Ltd. reported a significant increase in its operating profit after tax (PAT) to Rs 164 crores in Q1 of the current financial year, compared to Rs 49 crores in the same period last year, excluding exceptional items. The company has been actively reducing its debt, with a goal to become debt-free by the end of FY 2025-2026, and has raised substantial funds through equity issuance and preferential allotments to cover its remaining outstanding debt.

More about PC Jeweller Ltd.

PC Jeweller Ltd. operates in the jewelry industry, primarily focusing on the design, manufacture, and sale of gold and diamond jewelry. The company is headquartered in New Delhi, India, and targets both domestic and international markets.

Average Trading Volume: 8,273,195

Technical Sentiment Signal: Strong Buy

Current Market Cap: 98.76B INR

Learn more about PCJEWELLER stock on TipRanks’ Stock Analysis page.

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