Photo: Mint
Photo: Mint

Q4 Earnings: PC Jeweller posts 376.8 crore loss

  • Total income rises to 2,203.91 crore during January-March quarter of 2018-19 fiscal from 2,114.64 crore a year ago
  • The company posts standalone net loss of 2.81 crore for FY19 as against a net profit of 567.4 crore previous year

NEW DELHI: PC Jeweller has posted a net loss of 376.8 crore on a standalone basis during the fourth quarter of last fiscal on account of loss in export business.

The company had posted a net profit of 118.28 crore in the year-ago period, it said in a regulatory filing Thursday.

Total income, however, rose to 2,203.91 crore during January-March quarter of 2018-19 fiscal from 2,114.64 crore in the corresponding period of the previous year.

"Net loss of 376.8 crore in Q4 FY19 is due to loss in the export business on account of one-time discount against the outstanding export trade receivables aggregating to 513 crore," the Delhi-based jeweller said in a presentation.

The domestic business continues to remain profitable, though with slightly reduced margins, it added.

During the full 2018-19 fiscal, PC Jeweller has posted a standalone net loss of 2.81 crore as against a net profit of 567.4 crore in the previous year.

Total income fell to 8,461.17 crore during the 2018-19 fiscal from 9,588.54 crore in the 2017-18 fiscal. Out of the total operational revenue, 17% came from exports.

On a consolidated basis, the company posted a net loss of 0.61 crore in the last fiscal year as against a profit of 535.64 crore in the previous year. Total income fell to 8,764.28 crore during the last fiscal year from 9,707.13 crore in the 2017-18 financial year.


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