PC Jeweller surges 33% in 2 days after upbeat Q1 update
PC Jeweller
surged over the past two trading sessions, rising as much as 33% to hit a high of Rs 18.69 on the BSE, after the company released its business update for the quarter ended June 30, 2025 (Q1FY26). The update, issued earlier last week, revealed standalone revenue growth of approximately 80% compared to the same quarter last year.
In today's trading session alone, the stock advanced 11.8% on the BSE.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
We Can't Believe She Wore That To The Red Carpet
Golfhooked
Read More
Undo
According to the company's filing, the quarter was described as 'very promising and fulfilling,' with performance attributed to continued customer trust and goodwill. PC Jeweller said it closed the quarter on a strong note, having 'clocked a robust performance.'
The company cited high customer demand during the wedding and festive season as a key contributor to the strong performance. Despite volatility in gold prices, it reported significant traction in sales, which helped drive the reported revenue growth.
Alongside its top-line performance, PC Jeweller also highlighted progress in its ongoing efforts to deleverage its balance sheet. The company noted that it had reduced its outstanding debt to bankers by over 50% during FY24–25, and in Q1FY26, it further reduced debt by approximately 7.5%.
Live Events
PC Jeweller stated that it is targeting full repayment of its obligations to bankers by the end of FY26 and remains confident of becoming debt-free within that timeline.
'The company continues to revamp and strengthen all aspects of its operations, the results of which are visible in its financials,' the management said in a statement. It added that it remains optimistic about delivering exceptional performance in the upcoming quarters as well.
Also read:
Jane Street aftermath: 4 stocks suffer Rs 12,000 crore wipeout in collateral damage
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
33 minutes ago
- Business Standard
Manipal buys Sahyadri from OTPP; hospital count rises to 49 across India
Bengaluru-headquartered Manipal Hospitals, India's second-largest hospital chain, has acquired Sahyadri Hospitals from Ontario Teachers' Pension Plan (Ontario Teachers'), a global investor with net assets of $194 billion. The acquisition will take Manipal's total bed count to about 12,000. While the deal size was not disclosed, sources close to the development pegged it at around Rs 5,800 crore. It is estimated that OTPP made 2.5-times returns on its investment in Sahyadri. It had acquired Sahyadri from Everstone Capital in August 2022 at a valuation of Rs 2,500 crore. Rahul Mukim, Managing Director, Private Capital, Ontario Teachers', said: 'Our partnership with Sahyadri over the past three years has been focused on unlocking long-term value — investing behind key specialties and medical technology, expanding reach across the state and building institutional processes to strengthen the platform. I would like to thank Abrarali Dalal, the management team and the clinicians and doctors at Sahyadri for their partnership and wish them every success in their next chapter with Manipal.' The acquisition of Pune-based Sahyadri Hospitals will add 11 hospitals to Manipal's network across Pune, Nashik, Ahilya Nagar and Karad, increasing Manipal's total number of hospitals to 49. The deal will further strengthen Manipal's position in western India. IPO-bound Manipal Hospitals is gradually expanding its network. The company has previously acquired Medica Synergy in Kolkata, Columbia Asia's Indian hospitals, AMRI Hospitals in Kolkata and Vikram Hospital in Bengaluru to increase its bed count. In June, KKR invested about $600 million in debt to support Manipal Group's strategic expansion and growth plans. Manipal Education and Medical Group (MEMG) Chairman Ranjan Pai said the acquisition would strengthen Manipal's presence in western India. The hospital chain outbid peers such as Fortis Healthcare, Aster DM Healthcare and other private equity firms to win the race for Sahyadri Hospitals. Dilip Jose, Managing Director and Chief Executive Officer, Manipal Health Enterprises, said: 'At Manipal Hospitals, we are focussed on maintaining a patient-centric ecosystem rooted in clinical excellence and transparency, serving a multitude of patients from all over the country, and beyond. We are delighted to welcome Sahyadri Hospitals into the Manipal family, with its top-rated multi-specialty facilities and world-class doctors. With the strong partnership of our valued stakeholders like Temasek and our other investors, we are excited to grow our operations.' Manipal Hospitals was supported by a team of advisers including Allegro Capital Advisors and Barclays (financial), Cyril Amarchand Mangaldas (legal), Alvarez & Marsal (accounting and commercial), and Deloitte (tax). Manipal Hospitals serves over 7 million patients annually. The company's integrated network has a pan-India footprint of 38 hospitals across 19 cities with more than 10,500 beds. Sahyadri Hospitals, a healthcare network in Maharashtra, comprises 11 hospitals with a total capacity of over 1,400 beds. Abrarali Dalal, Managing Director and Chief Executive Officer of Sahyadri Hospitals, said: 'When Ontario Teachers' invested, our intention was to create a formidable regional player with the infrastructure, medical equipment and clinical excellence to enable high-quality medical care in cities across the region. Backed by strong shareholder support, we've been able to invest over Rs 900 crore since 2022, leveraging our combined expertise to drive the transformation of Sahyadri. We've enjoyed a great partnership with the Ontario Teachers' team and are optimistic about the platform's continued positive impact on healthcare delivery.' Deepak Dara, Senior Managing Director and Head of India, Ontario Teachers', said healthcare is a key investment theme for them globally and in India.
Business Standard
34 minutes ago
- Business Standard
RailTel Corp bags Rs 17-cr order from GAD, Chhattisgarh
RailTel Corporation of India said that it has secured a work order worth Rs 17.47 crore from General Administration Department (GAD), Chhattisgarh to revamped integrated communication infrastructure. The order includes network connectivity, operation & maintenance (O&M), hardware procurement & commissioning implementation of revamped integrated communication WLAN LAN EPBAX Infrastructure. The said order is expected to be executed by 14 January 2031. RailTel Corporation of India, a 'Navratna' central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a pan-India optic fiber network covering several towns & cities and rural areas of the country. The company's standalone net profit jumped 46.33% to Rs 113.45 crore on a 57.11% rise in net sales to Rs 1,308.28 crore in Q4 FY25 over Q4 FY24. The counter shed .33% to end at Rs 410.25 on the BSE.
Time of India
36 minutes ago
- Time of India
Asian markets rise on Wall Street cues; Bitcoin holds near $112,000
Asian stock markets mostly advanced on Thursday, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump's new wave of tariffs. Despite Trump expanding his list of trade penalties, investors remained optimistic, with gains across key Asian indices and US markets continuing to hit record highs. Bitcoin also stayed strong near its all-time high of $112,000, buoyed by rising investor interest and growing institutional adoption. Meanwhile, tensions rose between the US and Brazil after Trump imposed a steep 50% tariff on Brazilian goods. The move triggered a sharp sell-off in Brazilian assets and drew a strong response from President Luiz Inácio Lula da Silva, who condemned the decision and vowed to impose retaliatory measures. In the wider trade landscape, more than 20 US trading partners, including Japan and South Korea, have received tariff letters in recent days as the White House pushes its 'Liberation Day' trade agenda, originally set for a July 9 deadline but now extended to August 1. Trump has also floated a 50% tariff on copper imports and is considering a 200% tariff on pharmaceuticals. Despite rising trade tensions, Wall Street continued its rally, with the Nasdaq hitting another record high, driven by a surge in Nvidia, which briefly hit a $4 trillion market valuation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo Regional Asian markets followed the positive momentum, with Hong Kong, Shanghai, Sydney, Seoul, and Singapore all ending higher. Japan's Nikkei 225, however, slipped 0.5% after facing a 25% UStariff and stalled talks with Washington. Key figures as of 0230 GMT Tokyo – Nikkei 225: Down 0.5% at 39,610.61 Hong Kong – Hang Seng Index: Up 0.2% at 23,938.07 New York – Dow Jones: Up 0.5% at 44,458.30 (close London – FTSE 100: Up 0.2% at 8,867.02 (close) Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
