India's PC Jeweller shines on quarterly profit

PC Jeweller

27/05/2021 09:01

** Indian jewellery maker's shares  PCJE.NS  jump as much as
6.8% to 30.80 rupees, their highest in more than two months
    ** PC Jeweller reports a consolidated net profit of 595.9
mln rupees ($8.21 mln) for the March quarter, compared with a
loss of 381.5 mln rupees a year earlier  urn:newsml:reuters.com:*:nFWN2NE0MV
    ** However, revenue from operations dips ~5% to 8.68 bln
rupees
    ** PCJE says it is confident of an improvement in the export
business in the current FY 
    ** Co expects the impact of the second COVID-19 wave to
start fading soon 
    ** More than 9.1 million shares traded, 5.9 times the 30-day
moving average
    ** PCJE up for a sixth straight session; including session's
gain, stock up ~21.5% YTD

($1 = 72.6200 Indian rupees)

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))