PC JEWELLER Announces Quarterly Results (3QFY20); Net Profit Down 76.8%

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PC JEWELLER Announces Quarterly Results (3QFY20); Net Profit Down 76.8%
Wed, 19 Feb

PC JEWELLER has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

PC JEWELLER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m21,19111,24815,88441.2%-25.0%
Other incomeRs m449160334108.8%-25.6%
TurnoverRs m21,64011,40816,21842.2%-25.1%
ExpensesRs m18,7899,98714,55045.7%-22.6%
Gross profitRs m2,4021,2611,3345.8%-44.5%
DepreciationRs m45819720.1%113.9%
InterestRs m8889099686.5%9.1%
Profit before taxRs m1,91743160339.9%-68.6%
TaxRs m53432282771.8%-47.3%
Profit after taxRs m1,383398321-19.5%-76.8%
Gross profit margin%11.311.28.4
Effective tax rate%27.97.546.7
Net profit margin%6.43.52.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 25.0% on a year-on-year (YoY) basis. The expenses were down by 22.6% YoY during the same period.
  • The company's operating profit declined by 44.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.4% in 3QFY20 as against 11.3% in 3QFY19.
  • Depreciation charges increased by 113.9% and finance costs increased by 9.1% YoY, respectively.
  • Other income declined by 25.6% YoY during the quarter.
  • Net profit for the quarter declined by 76.8% YoY. Net profit margins during the quarter declined from 6.4% in 3QFY19 to 2.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 41.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 45.7% QoQ during the same period.
  • The company's operating profit increased by 5.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.4% in 3QFY20 as against 11.2% in 2QFY19.
  • Net profit for the quarter declined by 19.5% QoQ, while net profit margins declined from 3.5% in 2QFY19 to 2.0% in 3QFY20.

To see how PC JEWELLER has performed over the last eight quarters,please visit here.

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PC JEWELLER Share Price Performance

Over the last one year,PC JEWELLER share price has moved down from Rs 67.3 to Rs 17.7, registering a Loss of Rs 49.6 or around 73.7%.

Overall, the S&P BSE SENSEX is up 16.2% over the year.

Current Valuations

At the current price of Rs 17.7, the price to book value (P/BV) ratio of PC JEWELLER stands at 0.2 times.

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