Q2 Results: Motisons Jewellers net profit rises over 100%

Q2 Results: Motisons Jewellers, a Jaipur-based retail jeweller company, has declared its financial results for the July-September quarter of FY25. According to an exchange filing, the company's net sales surged 21 per cent to Rs 109.34 crore in the quarter under review. The company has also showcased strong growth in profit as it soared by over 100 per cent to Rs 10.40 crore.

The half-yearly results also indicated a positive trend, with net sales rising by 12 per cent to Rs 198.06 crore and net profit expanding by approximately 57 per cent to Rs 16.73 crore in H1 FY25 compared to H1 FY24. 

For the full fiscal year 2024, Motisons's annual net sales amounted to Rs 416.76 crore.

Earlier, shares of Motisons Jewellers Ltd were listed with a huge premium of over 98 per cent against the issue price of Rs 55.

The stock made its debut at Rs 103.90, up 88.90 per cent from the issue price on the BSE. Later, it zoomed 98.34 per cent to Rs 109.09.