PC Jeweller : When the stock began at Rs 12.96, it was up from its closing price of Rs 12.95. Later, it reached the intraday high of Rs 13.22 after a sharp increase.
Mumbai : today saw a rise in shares of Delhi-based PC Jeweller following the company’s statement to exchanges on a joint settlement deal with consortium lenders. As per the information provided, the combined application submitted by the company and consortium lenders has been approved by the Debts Recovery Appellate Tribunal, Delhi. It has provided instructions for the transfer of keys and the inventory of all the company’s showrooms and properties that were under its control.
In accordance with the directives of the Debts Recovery Appellate Tribunal, Delhi (DRAT, Delhi), the keys and inventory of a few of the company’s showrooms and locations were under the jurisdiction of DRAT, Delhi. “The filing states that these were to be released upon fulfillment of the terms and conditions of the Joint Settlement Agreement signed between the Company and the Consortium Lenders on September 30, 2024.”
Prices of PC Jeweller shares
The shares, meanwhile, began higher at Rs 12.96 compared to its closing price of Rs 12.95. Later, it reached the intraday high of Rs 13.22 after a sharp increase.
PC Jeweller’s Q2 Revenue Increased 63%
According to the company, the second quarter of current fiscal year saw a 63% year-over-year increase in revenue due to higher demand for gold jewelry during the holiday season.
The July–September quarter of the fiscal year 2025–2026 operational update was provided by Delhi-based PC Jeweller in a regulatory filing.
The company reported that high customer demand during the ongoing holiday season was the primary driver of its outstanding performance in the second quarter of the fiscal year 2025–2026.
Also read : Rising Gold Prices, GST, and Duties Make Diwali Shopping More Expensive for Indians
It also stated that the company’s “standalone revenue growth of approximately 63 per cent compared to the corresponding quarter of the previous financial year” happened. During this quarter, the corporation also reported that it had cut its outstanding debt to banks by roughly 23%. Additionally, there was a reduction of 9% in the first quarter of this fiscal year and a reduction of over 50% in the prior fiscal year.