PC Jeweller shares jumped nearly 9% on Thursday, 22 October, following the company's strong Q2 FY27 results and amid investor attention on bulk deal transactions in the stock.
PC Jeweller Ltd reported a 58% year-on-year jump in consolidated net profit to ₹330.66 crore for the September quarter of FY27, supported by higher sales. The company had posted a net profit of ₹209.54 crore in the corresponding quarter last year.
Total income rose 28% year-on-year to ₹1,054.47 crore in Q2 FY27 from ₹825.25 crore a year earlier, according to the company's regulatory filing. Total expenses increased to ₹759.42 crore from ₹688.85 crore in the year-ago period.
A key milestone during the quarter was the company's return to debt-free status after it repaid outstanding dues to all 14 consortium banks ahead of schedule. PC Jeweller said the resulting reduction in interest costs, expected to become more significant from the second half of FY27, should support its profitability.
The company also received around ₹142 crore in remittances from export debtors during the quarter following negotiations and resolution of outstanding issues. The receipts mark the beginning of recovery of long-pending export receivables, it said.