Poor Q3 results: Gitanjali Gems & PC Jeweller stocks get a setback
Shital Jibhe / 15 Feb 2017
The stocks of Gitanjali Gems and PC Jeweller has fallen following the poor Q3FY17 results. Gitanjali Gems has fallen by over 7 per cent whereas, the stock of PC Jeweller went down by 4 per cent.
The stocks of Gitanjali Gems and PC Jeweller has fallen following the poor Q3FY17 results. Gitanjali Gems has fallen by over 7 per cent whereas, the stock of PC Jeweller went down by 4 per cent. The stocks of both the companies have cracked due to poor Q3 results.
Gitanjali Gems Q3 net profit was down by 76 per cent YoY. The company has posted a net profit of Rs 5 crore versus 20.6 crore YoY. Whereas, PC Jeweller Q3 net profit was down 27 per cent (YoY). The company has posted a net profit of Rs 106.97 crore vs Rs 147.34 crore (YoY). The total income decreased to Rs 2,121.28 crore vs Rs 2,207.45 crore (YoY).
Gitanjali Gems was also trending in news after announcing that Gitanjali Infratech, a wholly-owned subsidiary of the company, has acquired 100 per cent equity shares of dynamic infrazone for the purpose of setting up and developing gems and jewellery park in Orissa.
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