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PC Jeweller drops over 8% as Q3 profit tanks 73%

Shares of PC Jeweller tanked over 8 per cent in Friday’s trade after the jewellery maker reported a 73 per cent decline in consolidated net profit at Rs 35.61 crore for the December quarter.

The company's net profit stood at Rs 133.03 crore in the year-ago period, the company said in a regulatory filing. Following the development, the stock fell to hit a low of Rs 18.60 on BSE. The scrip has fallen 72 per cent in the last one year and 22 per cent on a year-to-date basis. Total income for the December quarter fell to Rs 1,703.86 crore compared with Rs 2,234.56 crore in the corresponding period of the last year. Courtesy - Economic Times

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