Read more about Kalyan Jewellers profit after tax jumps 54% to Rs 73.87 cr in Mar quarter on Business Standard. Kalyan Jewellers on Thursday reported a 54.05 per cent jump in its consolidated profit after tax (PAT) to Rs 73.87 crore for the quarter ended March 31.
: Friday, May 28, 2021, 12:50 AM IST
Stocks to Watch: Wockhardt, Sun Pharma, Kalyan Jewellers, Cadila Healthcare, UCO Bank, Garware Technical Fibres, Suryoday SFB, IRB Infra among others
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Wockhardt: Drug firm reported a consolidated net loss of Rs 106.84 crore for the quarter ended March 31, 2021. The company had posted a net profit of Rs 68.51 crore for the corresponding period of the previous fiscal, Wockhardt said in a BSE filing. The consolidated total income of the company for the quarter under consideration stood at Rs 639.50 crore.
KOLKATA: Thrissur-based Kalyan Jewellers has clocked a consolidated profit after tax (PAT) of Rs 73.91 crore in the Q4 of FY21, which is a 54.1 per cent growth over the corresponding quarter of the previous fiscal. The jeweller has a presence in India and the Middle East.
The total revenue for the quarter was Rs 3056.6 crore as compared to the revenue of Rs 2140.7 crore for the same quarter in the previous year, a growth of 42.78 per cent. The consolidated PAT for H2 FY20-21 was recorded at Rs 206.7 crore, a 72.3 per cent growth over the same period last year.
The reasons for the revenue growth in the India operations were mainly because of the accelerated shift within the jewellery industry from unorganized to organized players and the resilient weddings and related demand. The revenue growth of the gold division was 69.6 per cent and that of the studded division was 36.6 per cent. The disproportionate increase in gold revenues led to an overall decline in the gross margins perce