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Hot Pursuit News

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(13 May 2024, 10:43)

Kalyan Jewellers Q4 PAT soars 97% YoY to Rs 138 cr

The jewellery retailer’s consolidated net profit jumped 96.3% to Rs 137.59 crore on 34.09% increase in revenue from operations to Rs 4,534.93 crore in Q4 FY24 over Q4 FY23.

Profit before tax for the quarter was at Rs 183.67 crore, registering a growth of 93.97% from Rs 94.69 crore posted in Q4 FY23.

EBITDA stood at Rs 306.2 crore in fourth quarter of FY24, registering a growth of 19% as compared with Rs 256.7 crore in Q4 FY23. EBITDA margin contracted to 6.8% in Q4 FY24 as against 7.6% in Q4 FY23.

Total revenue from the Middle East operations during Q4 FY24 was Rs 624.5 crore as against Rs 548.6 crore in same quarter last year, recording a growth of 13.83%. The Middle East operations recorded PAT of Rs 9.9 crore for the quarter, up 76 YoY.

On standalone basis, revenue of the company (India business) in Q4 FY24 was at Rs 3,875.6 crore, registering a growth of 38.14% as against Rs 2,805.4 crore in Q4 FY23. The India operations recorded PAT of Rs ...

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