PC Jeweller shares gain 5% as company returns to black in Q2

Shares of PC Jewellers gained up to 4.98 per cent at Rs 185.25 in the morning trade on Monday as the company has reported a significant turnaround in its financial performance for the second quarter of FY25. 

The company said that its net profit stood at around Rs 179 crore in the second quarter of FY25 against a loss of Rs 152 crore in the same quarter a year ago. The company's sales surged to Rs 505 crore, compared to Rs 33 crore in the same period of FY24. 

The total revenue of the company in the reporting quarter is around Rs 505 crore compared to around Rs 33 crore in the same period of FY24. 

The company's profit after tax (PAT) also surged to Rs 179 crore in Q2FY25, up from a loss of Rs 152 crore in the corresponding quarter of the previous fiscal year. 

Meanwhile, the counter opened at Rs 185.25 on the BSE, a gain of around 5 per cent from the previous close of Rs 176.45.

The 52-week high of the stock is Rs 186.80 and the 52-week low is Rs 27.66.

The BSE Sensex jumped 545.27 points to 81,770.02 in early trade. The NSE Nifty climbed 124.25 points to 24,978.30.

However, soon the benchmark indices succumbed to profit-taking and were trading lower. The BSE benchmark gauge quoted 136.52 points down at 81,060.86 and the Nifty traded 100.70 points lower at 24,753.35.

From the 30 Sensex firms, Titan, HDFC Bank, Asian Paints, Axis Bank, Tata Steel and HCL Technologies were among the biggest gainers.

HDFC Bank climbed nearly 3 per cent in early trade after the firm on Saturday reported a 6 per cent increase in September quarter net profit to Rs 17,825.91 crore on a consolidated basis.