PC Jeweller allot shares on warrants conversion after turning profitable in Q4

PC Jeweller allot shares on warrants conversion after turning profitable in Q4.

PC Jeweller allotted over 3 crore equity shares upon conversion of warrants, following adjustment for sub-division of face value, the company said in a regulatory filing.

The board of directors, in its meeting held on Friday, approved the allotment of 3,08,42,400 equity shares of face value Re 1 each. These shares were issued on conversion of 30,84,240 warrants to an allottee belonging to the promoter group, the filing added. The number of shares was adjusted post stock split.

Earlier, the company reported a turnaround in financial performance for the quarter ended March 2025. It posted a consolidated net profit of Rs 94.78 crore in the fourth quarter of FY25, as against a net loss of Rs 121.64 crore in the same period last year.

Total income during the January-March quarter rose sharply to Rs 699.02 crore from Rs 48.49 crore in the corresponding period of the previous fiscal.

For the full financial year 2024-25, PC Jeweller reported a consolidated net profit of Rs 577.70 crore, compared to a net loss of Rs 629.36 crore in the preceding fiscal, the company said.

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