PC JEWELLER Announces Quarterly Results (4QFY18); Net Profit Up 7.5%
Mon, 28 May

PC JEWELLER has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

PC JEWELLER Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m21,58126,44921,032-20.5%-2.5%
Other incomeRs m508455113-75.2%-77.8%
TurnoverRs m22,08926,90421,145-21.4%-4.3%
ExpensesRs m19,81323,76018,909-20.4%-4.6%
Gross profitRs m1,7692,6892,123-21.0%20.1%
DepreciationRs m5953542.1%-8.8%
InterestRs m7028168372.6%19.1%
Profit before taxRs m1,5152,2761,346-40.9%-11.2%
TaxRs m415649163-74.9%-60.7%
Profit after taxRs m1,1011,6271,183-27.3%7.5%
Gross profit margin%8.210.210.1
Effective tax rate%27.428.512.1
Net profit margin%5.06.05.6
* 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 2.5% on a year-on-year (YoY) basis. The expenses were down by 4.6% YoY during the same period.
  • The company's operating profit increased by 20.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 4QFY18 as against 8.2% in 4QFY17.
  • Depreciation charges and finance costs declined by 8.8% YoY and 19.1% YoY, respectively.
  • Other income declined by 77.8% YoY during the quarter.
  • Net profit for the quarter increased by 7.5% YoY. Net profit margins during the quarter increased from 5.0% in 4QFY17 to 5.6% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.4% QoQ during the same period.
  • The company's operating profit increased by 21.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.1% in 4QFY18 as against 10.2% in 3QFY17.
  • Net profit for the quarter declined by 27.3% QoQ, while net profit margins same from 6.0% in 3QFY17 to 5.6% in 4QFY18.

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

PC JEWELLER Share Price Performance

Over the last one year, PC JEWELLER share price has moved up from Rs 225.1 to Rs 180.2, registering a Loss of Rs -44.9 or around 19.9%.

Overall, the S&P BSE SENSEX is up 0.8% over the year.

Current Valuations

At the current price of Rs 180.2, the price to earnings (P/E) ratio of PC JEWELLER stands at 11.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.