Kalyan Jewellers India Ltd on Wednesday reported a profit decline of 3.37 per cent for the fiscal second quarter at Rs 130.33 crore in comparison to Rs 134.87 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 6065.48 crore, up 37.40 per cent as against Rs 4414.54 crore during the same period of previous financial year. The company EBITDA stood at Rs 327.1 crore, up 4.3 per cent on-year.
For H1, consolidated revenue stood at Rs 11,601 crore, up 32 per cent as against Rs 8,790 crore in the corresponding period of the previous year. Consolidated PAT for H1FY25 was Rs 308 crore as against a PAT of Rs 278 crore for the corresponding period in the previous year. Kalyan Jewellers said that there was a one-time loss of Rs 69 Cr due to reduction in customs duty in India during Q2 FY25.
Also ReadMiddle class hit by low wages, costly realty: Britannia’s Berry
The India operations recorded a PAT of Rs 285 crore for the first half compared to a PAT of Rs 254 crore for the corresponding period in the previous year. Standalone revenue and PAT for Q2FY25 was Rs 5,227 crore and Rs 120 crore respectively.
Also Read PSU Index falls 13 per cent from its peak Vedanta swings to black with Q2 profit at Rs 5,603 crore, revenue down 3.6% YoY Trent Q2 Results: Profit rises by 46.9% at Rs 335.06 crore but misses estimates Kansai Nerolac Paints posts Q2 profit at Rs 122.79 crore, down 30.7% YoY; Anuj Jain says demand expected to improve in H2
Total revenue from the Middle East operations during H1FY25 was Rs 1,611 crore as against Rs 1,329 crore in H1 of the previous financial year, registering a growth of over 21 per cent. The Middle East operations recorded a PAT of Rs 33 crore for the first half compared to a PAT of Rs 29 crore for the corresponding period in the previous year. Revenue and PAT for Q2FY25 was Rs 800 crore and Rs 14 crore respectively.
Further, the e-commerce division, Candere, recorded a revenue of Rs 80 crore in H1FY25 versus Rs 66 crore in H1FY24. The company recorded a loss of Rs 6 crore in H1FY25 versus a loss of Rs 4.8 crore during H1FY24.
» Read More
