PC Jeweller Q2FY19 net profit slumps 37.76% at Rs 93.72 crore on poor sales
The company had clocked a net profit of Rs 150.59 crore in the same quarter of2017-18. Net revenue declined to Rs 1,635.08 crore during the July-September this year from Rs 2,622.32 crore in the year-ago quarter, according to a BSE filing by the company.
The company utilised the second quarter to rationalise inventory, exports business and consequently reduce overall bank exposure on the balance sheet, it said. Image source: Reuters