Are PC Jeweller latest results good or bad?

PC Jeweller has reported its financial results for the quarter ending March 2025, highlighting a notable year-on-year growth in key metrics. The Profit After Tax (PAT) reached Rs 242.74 crore, reflecting a significant increase of 175.95% compared to the same period last year. Additionally, the Profit Before Tax (PBT) stood at Rs 95.39 crore, showing a substantial rise of 303.3% relative to the average of the previous four quarters.
Net sales for the quarter reached a record high of Rs 699.02 crore, which is a growth of 75.4% over the previous four-quarter average, indicating a consistent upward trend in sales over the last five quarters. The Operating Profit (PBDIT) also saw a positive outcome, reaching Rs 145.04 crore with an operating profit margin of 20.75%, marking the highest margin recorded in recent quarters.

However, the company faced challenges with rising interest expenses, which surged to Rs 44.75 crore, reflecting a significant increase of 1,334.29% quarter-on-quarter. This rise in borrowing costs poses a concern that the company will need to address to sustain its financial performance.

Overall, while PC Jeweller has demonstrated strong financial growth in several areas, the company experienced an adjustment in its evaluation, reflecting the complexities of its financial landscape. The quarterly results indicate a mixed performance, with strong sales and profit growth countered by rising interest expenses and a decline in net profit quarter-on-quarter.