Latest news with #PCJewellerLtd
India.com
11-07-2025
- Business
- India.com
THIS company's board approves plans to raise Rs 500 cr equity from Capital Ventures, promoter
25 महीने में करोड़पति बन गए निवेशक New Delhi: PC Jeweller Ltd's board has approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, the company informed that the board approved raising of funds up to Rs 500 crore by way of preferential allotment on private placement basis. The board approved issuing and allotting up to 9. 72 crore fully convertible warrants convertible into equivalent number of fully paid-up equity shares of the company to the promoter Balram Garg at an issue price of Rs 18 per Warrant. Garg will infuse up to Rs 175 crore in the company. The board also approved issuing and allotting up to 18. 05 crore shares to the person belonging to 'Non-Promoter, Public Category', by way of preferential allotment on private placement basis, at Rs 18 per share, for an amount aggregating up to Rs 325 crore. MD Balram Garg Statement: The company will take approvals from shareholders through postal ballot. 'We will use this amount to prepay the debt. We are progressing on the path of becoming debt free by March next year,' the company's MD Balram Garg told PTI. PC Jeweller reduced bank loans by more than half to Rs 1,775 crore during the last fiscal year. In September 2024, PC Jeweller executed a settlement agreement with a consortium of 14 banks led by SBI to clear its outstanding loan, which stood at nearly Rs 4,100 crore as of March 31, 3024. Helped by the loan settlement, PC Jeweller posted a consolidated net profit of Rs 577. 70 crore last fiscal. In the 2023-24 fiscal, the company had clocked a net loss of Rs 629. 36 crore. Its total income jumped to Rs 2,371. 87 crore in 2024-25 from Rs 669. 87 crore in the preceding year. PC Jeweller Revenue: On July 4, PC Jeweller Ltd reported around 80 per cent growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt free this fiscal. The company said it witnessed high demand for its products, as consumers purchased jewellery for weddings and festivals. PC Jeweller also expressed confidence of becoming debt free in the current fiscal. 'For achieving its target, the company has further reduced its outstanding debts towards its bankers by another approximately 7. 50 per cent during the June quarter,' the company said.
Time of India
10-07-2025
- Business
- Time of India
PC Jeweller board approves plans to raise Rs 500 cr equity from Capital Ventures, promoter
PC Jeweller Ltd 's board has approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Building Automation Systems Software Cost Might Surprise you Automation Systems | Search Ads Undo In a regulatory filing on Thursday, the company informed that the board approved raising of funds up to Rs 500 crore by way of preferential allotment on private placement basis. The board approved issuing and allotting up to 9.72 crore fully convertible warrants convertible into equivalent number of fully paid-up equity shares of the company to the promoter Balram Garg at an issue price of Rs 18 per Warrant. Garg will infuse up to Rs 175 crore in the company. Live Events The board also approved issuing and allotting up to 18.05 crore shares to the person belonging to 'Non-Promoter, Public Category', by way of preferential allotment on private placement basis, at Rs 18 per share, for an amount aggregating up to Rs 325 crore. The company will take approvals from shareholders through postal ballot. "We will use this amount to prepay the debt. We are progressing on the path of becoming debt free by March next year," the company's MD Balram Garg told PTI. PC Jeweller reduced bank loans by more than half to Rs 1,775 crore during the last fiscal year . In September 2024, PC Jeweller executed a settlement agreement with a consortium of 14 banks led by SBI to clear its outstanding loan, which stood at nearly Rs 4,100 crore as of March 31, 3024. Helped by the loan settlement, PC Jeweller posted a consolidated net profit of Rs 577.70 crore last fiscal. In the 2023-24 fiscal, the company had clocked a net loss of Rs 629.36 crore. Its total income jumped to Rs 2,371.87 crore in 2024-25 from Rs 669.87 crore in the preceding year. On July 4, PC Jeweller Ltd reported around 80 per cent growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt free this fiscal. The company said it witnessed high demand for its products, as consumers purchased jewellery for weddings and festivals. PC Jeweller also expressed confidence of becoming debt free in the current fiscal. "For achieving its target, the company has further reduced its outstanding debts towards its bankers by another approximately 7.50 per cent during the June quarter," the company said.
Business Standard
08-07-2025
- Business
- Business Standard
Nectar Lifescience Ltd leads losers in 'B' group
Rajdarshan Industries Ltd, Sharda Motor Industries Ltd, PC Jeweller Ltd and PVP Ventures Ltd are among the other losers in the BSE's 'B' group today, 08 July 2025. Rajdarshan Industries Ltd, Sharda Motor Industries Ltd, PC Jeweller Ltd and PVP Ventures Ltd are among the other losers in the BSE's 'B' group today, 08 July 2025. Nectar Lifescience Ltd tumbled 19.99% to Rs 18.53 at 14:31 stock was the biggest loser in the BSE's 'B' the BSE, 22 lakh shares were traded on the counter so far as against the average daily volumes of 1.27 lakh shares in the past one month. Rajdarshan Industries Ltd crashed 8.51% to Rs 52.6. The stock was the second biggest loser in 'B' the BSE, 2204 shares were traded on the counter so far as against the average daily volumes of 1544 shares in the past one month. Sharda Motor Industries Ltd lost 7.27% to Rs 1132.25. The stock was the third biggest loser in 'B' the BSE, 25991 shares were traded on the counter so far as against the average daily volumes of 8659 shares in the past one month. PC Jeweller Ltd plummeted 6.78% to Rs 17.45. The stock was the fourth biggest loser in 'B' the BSE, 356.88 lakh shares were traded on the counter so far as against the average daily volumes of 91.41 lakh shares in the past one month. PVP Ventures Ltd fell 6.06% to Rs 20.91. The stock was the fifth biggest loser in 'B' the BSE, 1.21 lakh shares were traded on the counter so far as against the average daily volumes of 26062 shares in the past one month.
India.com
04-07-2025
- Business
- India.com
This company clocks 80 percent revenue growth in Quarter 1, to be debt free in FY26
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा New Delhi: PC Jeweller Ltd has reported around 80 per cent growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt free this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, PC Jeweller informed that the company closed the April-June quarter on a very strong note clocking a robust performance. What did PC Jeweller say? 'Despite the volatility in gold prices, the company was able to achieve a standalone revenue growth of approximately 80 per cent, as compared to the corresponding quarter of the previous financial year,' PC Jeweller said. The company saw high demand for its products, as consumers purchased jewellery for weddings and festivals. 'Further, the company had already reduced its outstanding debts towards its bankers by more than 50 per cent during 2024-25,' PC Jeweller said. The company expressed confidence of becoming debt free in the current fiscal. 'For achieving its target, the company has further reduced its outstanding debts towards its bankers by another approximately 7. 50 per cent during the June quarter,' PC Jeweller said. The company said it continues to revamp and strengthen all the aspects of its operations. PC Jeweller said it is 'optimistic' about delivering exceptional performance in the upcoming quarters as well. How much profit did the company post? PC Jeweller had posted a consolidated net profit of Rs 577. 70 crore last fiscal. In the 2023-24 fiscal it reported a net loss of Rs 629. 36 crore. The company's total income jumped to Rs 2,371. 87 crore in 2024-25, from Rs 669. 87 crore in the preceding year. With PTI Inputs
Business Standard
04-07-2025
- Business
- Business Standard
Mazda Ltd leads gainers in 'B' group
Sindhu Trade Links Ltd, PC Jeweller Ltd, Vaswani Industries Ltd and Parsvnath Developers Ltd are among the other gainers in the BSE's 'B' group today, 04 July 2025. Sindhu Trade Links Ltd, PC Jeweller Ltd, Vaswani Industries Ltd and Parsvnath Developers Ltd are among the other gainers in the BSE's 'B' group today, 04 July 2025. Mazda Ltd spiked 15.13% to Rs 278.5 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 65610 shares were traded on the counter so far as against the average daily volumes of 2546 shares in the past one month. Sindhu Trade Links Ltd soared 14.12% to Rs 34.18. The stock was the second biggest gainer in 'B' group. On the BSE, 29.52 lakh shares were traded on the counter so far as against the average daily volumes of 3.21 lakh shares in the past one month. PC Jeweller Ltd surged 14.04% to Rs 16. The stock was the third biggest gainer in 'B' group. On the BSE, 300.09 lakh shares were traded on the counter so far as against the average daily volumes of 29.82 lakh shares in the past one month. Vaswani Industries Ltd gained 13.80% to Rs 50.8. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.88 lakh shares were traded on the counter so far as against the average daily volumes of 6853 shares in the past one month. Parsvnath Developers Ltd jumped 13.02% to Rs 22.31. The stock was the fifth biggest gainer in 'B' group. On the BSE, 9.15 lakh shares were traded on the counter so far as against the average daily volumes of 4.08 lakh shares in the past one month.
