After strong Q4 results, This company’s shares update on convertible warrants | Details here

Shares of PC Jewellers Ltd are focus today as the company has informed exchanges that the board of directors of the company has allotted 30.84 lakh equity shares of face value of Re 1 on conversion of 3,08,42,400 warrants. The stock opened in the green at Rs 12.63 on the BSE against the previous close of Rs 12.61. It gained further to touch the high of Rs 12.74.

The 52-week high of this jewellery stock is Rs 19.60 and the 52-week low is Rs 4.41. The market cap of the company is Rs 8,014 crore.

“Conversion of 30,84,240 Warrants into 3,08,42,400 fully paid-up equity shares of Re 1 each at an issue price of ₹5.62 each (including a premium of ₹4.62 per share) after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the company from 1 equity share of ₹10 each to 10 equity shares of Re 1 each,” the domestic jeweller informed exchanges.

Q4 Results: PC Jewellers Turns Profitable

PC Jewellers has turned profitable and posted a consolidated net profit of Rs 94.78 for the fourth quarter of 2024-25 on higher sales.

The company had reported a net loss of Rs 121.64 crore a year ago, according to a regulatory filing on Sunday.

Its total income rose to Rs 699.02 crore during the January-March quarter of the 2024-25 fiscal from Rs 48.49 crore in the year-ago period.

For the full 2024-25 fiscal, the company clocked a consolidated net profit of Rs 577.70 crore against a net loss of Rs 629.36 crore in the previous year.

PC Jewellers said the FY25 was a turnaround year for the company as it successfully completed its fundraising via the preferential issue of fully convertible warrants, amounting to Rs 2,702.11 crore with a subscription of 99.89 per cent.

Further, the company executed a Settlement Agreement with the consortium banks and as of March 31, 2025, discharged all its obligations on relevant timelines.

With PTI inputs

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