PC Jeweller Swings to Profit in Q1, Stock Rises 4.42% to ₹99.46

PC Jeweller has reported a significant turnaround in its financial performance for the first quarter, driven by strong demand. The company posted a net profit of ₹154.6 crore (1.56B rupees), compared to a loss of ₹178.1 crore in the same period last year. Revenue surged to ₹401.1 crore (4B rupees) from ₹67.7 crore year-on-year, while EBITDA reached ₹51.5 crore (516M rupees), a stark improvement from the previous EBITDA loss of ₹43 crore. The company's finance costs were significantly reduced to ₹1.8 crore from ₹125 crore in the previous year. As a result of this positive performance, PC Jeweller's stock rose by 4.42%, reaching a 52-week high of ₹99.46 on the BSE.