P N Gadgil Jewellers (PNGJL) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved by the Board on October 5, 2024.

• Both standalone and consolidated results reflect the performance of the jewellery business as a single segment.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹16,479.22 million, up from ₹12,365.45 million in Q1 FY24 and ₹14,978.17 million in Q4 FY24.

• Standalone profit before tax for Q1 FY25 was ₹472.37 million, compared to ₹302.67 million in Q1 FY24 and ₹729.28 million in Q4 FY24.

• Standalone net profit for Q1 FY25 was ₹348.70 million, up from ₹220.84 million in Q1 FY24 but down from ₹546.32 million in Q4 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹16,681.82 million, up from ₹12,568.02 million in Q1 FY24 and ₹15,120.16 million in Q4 FY24.

• Consolidated net profit for Q1 FY25 was ₹353.21 million, compared to ₹221.50 million in Q1 FY24 and ₹549.29 million in Q4 FY24.

Outlook and guidance

• No explicit forward-looking guidance provided, but management notes continued focus on the jewellery business and adherence to accounting standards.