Quarterly results for PC Jeweller Ltd

PC Jeweller Limited – Q1 FY26 Results Summary
Announcement Date: August 1, 2025

• Revenue: ₹724.91 crore, up 81% YoY (₹400.54 crore in Q1 FY25) and 4% QoQ (₹699.01 crore in Q4 FY25).
• Net Profit: ₹164.15 crore standalone, up 6% YoY (₹154.80 crore) and 73% QoQ (₹95.11 crore). Consolidated net profit ₹161.93 crore.
• Profit Before Tax Margin: Approximately 22.6% in Q1 FY26.
• Earnings Per Share (Basic): ₹0.25 (not annualized), compared to ₹0.33 in Q1 FY25 and ₹0.16 in Q4 FY25 (restated for ₹1 face value).
• Equity: Paid-up share capital increased to ₹657.54 crore from ₹635.53 crore due to conversion of fully convertible warrants (22 crore shares allotted in Q1 FY26).
• Auditor’s Qualification: Qualified review due to pending approvals on ₹183.16 crore export discounts from FY19, uncertainty over adequacy of ₹184.03 crore expected credit loss on ₹1,592.33 crore export receivables outstanding >9 months, and inventory under court custody with valuation based on management estimates.
• Inventory: Certain inventory remains under court custody since January 2023; physical verification not possible.
• Export Segment: No export revenues in Q1 FY26; export segment ceased to be reported separately.
• Store Operations: Closure of one owned store (Jamshedpur) in Q1 FY26; total stores now 48 owned plus 3 franchise.
• Debt Servicing: Regular payments maintained as per Joint Settlement Agreement.
• Corporate Activity: Preferential issue of fully convertible warrants completed in FY25; conversion and share allotment occurred in Q1 FY26. No acquisitions or disposals reported.
• Segment Reporting: Company operates as a single jewellery business segment.
• No exceptional items or impairments reported in Q1 FY26.

Management Outlook / Commentary:
- No material penalty expected related to pending export discount approvals; no provision made.
- ECL provision on export receivables reduced from previous quarter but uncertainty remains.
- Performance monitored as a single segment following cessation of export operations.

This summary captures the key financials, auditor concerns, corporate actions, and operational highlights from PC Jeweller Limited’s Q1 FY26 results.

Note: This is an AI generated summary of the results. There may be inaccuracies in the summary. Please refer to the original document before making investment decisions.