Home Market PC Jeweller Q4 profit rises 7% YoY to Rs 118 crore

PC Jeweller Q4 profit rises 7% YoY to Rs 118 crore

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PC Jeweller on Friday reported 7.48 per cent year-on-year rise in profit at Rs 118.28 crore for the quarter ended March 31. It had posted a profit of Rs 110.05 crore in the corresponding quarter last year.

Total income of the company slipped 4.27 per cent year-on-year to Rs 2,114.50 crore during the quarter under review. The figure stood at Rs 2208.91 crore in the same quarter last year.

The company is engaged in the business of manufacture and sale of gold jewellery, diamond studded jewellery and silver articles of various designs or specifications.

The board of the company has recommended a dividend of Rs 1.30 per preference share for the period from April 1, 2017 to September 1, 2017.

The board also recommended a dividend of Rs 0.50 per equity share for the financial year ended March 31, subject to the approval of members in the ensuing annual general meeting of the company.

Earlier in the day, share price of the company closed 2.34 per cent up at Rs 192.45, whereas BSE Sensex settled 0.76 per cent up at 34,924.87.

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