Kalyan Jewelers ‘March quarter profit up 54 percent at Rs 73.87 crore – kalyan jewelers’ march quarter profit up 54 percent at rs 7387 crore
Kalyan Jewelers told BSE in a regulatory notice that the company had a net profit of Rs 47.95 crore during the fourth quarter of 2019-20.
The company’s consolidated revenue from operations increased 42.78 per cent to Rs 3,056.60 crore in the January-March 2021 quarter, compared to Rs 2,140.71 crore a year earlier.
However, the company incurred a loss of Rs 6.07 crore for the entire financial year 2020-21. It earned a profit of Rs 142.27 crore in the previous year 2019-20.
Income from operations to Kalyan Jewelers declined by 15.12 percent to Rs 8,573.30 crore during the year 2020-21, from Rs 10,100.91 crore in the year 2019-20.
Kalyan Jewelers Executive Director Ramesh Kalyanraman said, “The past year has been unprecedented in many ways. The year 2020-21 started with great chaos. Our stores were temporarily closed in view of the global epidemic. ”
However, he said that the company was successful in doing business with a strong improvement in the later months of the year thanks to the teamwork of its employees and better engagement with customers.
He said that the company was able to achieve 72.3 percent growth in the second half of the year, especially due to the business done in the fourth quarter of the year.
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