The jewelery company Kalyan Jewellers has released its December quarter results. In which the company has made great profits. Kalyan Jewelers India Limited on Thursday recorded an increase of 21.16 percent year after-year in its net profit for the December 2024 quarter (Q3 FY25). During the quarter, the benefits were Rs 218.82 crore against Rs 180.61 crore in the period of a year ago.
The company’s operational revenue increased by 39.51 percent to Rs 7,286.88 crore in the third quarter of FY 25, which was Rs 5,223.08 crore in the same period last year. The jewelery making company said that the Profit after tax growth limit will be 44 percent. Standelone revenue for the company was Rs 6,393 crore for the company in the third quarter of FY 2025, while in the third quarter of the last financial year it was Rs 4,512 crore, ie there has been a growth of 42 percent.
India’s operational recorded a PAT of Rs 218 crore for the quarter compared to PAT of Rs 168 crore for the same period last year. PAT growth will be 54 percent on adjusting customs loss.
The company also said that the total revenue from the Middle East operation during the third quarter of FY 2025 was Rs 840 crore, while it was Rs 683 crore in the third quarter of FY 2024, which shows more than 23 percent growth. Middle East Operation recorded a PAT of Rs 15 crore for the quarter compared to PAT of Rs 14 crore for the same period last year.
The e-commerce division Candere recorded a revenue of Rs 55 crore in Q3 FY25, while Q3 FY24 had Rs 29 crore. The company recorded a loss of Rs 6.9 crore in Q3 FY25, while during Q3 FY24, there was a loss of Rs 1.6 crore.
The company’s executive director Ramesh Kalyanraman said that despite the ups and downs in gold prices, the current quarter has started good. We are excited about the ongoing wedding season and it is expected that the conclusion of the financial year will be strong. We are moving towards starting 30 welfare showrooms and 15 candle showrooms in India during the current quarter.
The quarterly results were announced after the market opened today. Earlier, the stock fell 2.02 percent to close at Rs 440.30 in the day. At this price, it has lost 43.14 percent on the basis of year to year (YTD) basis. According to BSE data, the promoters’ stake in the company was 62.85 percent.
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