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PC Jeweller repays 8 of 14 consortium banks, targets debt-free status this quarter
PC Jeweller has fully repaid debt to 8 of 14 consortium banks and cleared over 96% of dues to the rest, targeting debt-free status this quarter. It reported stronger Q1 profit and revenue, completed ₹2,702 crore funding, and approved a ₹1,000 crore QIP.
Newer report updates this story , : Debt fully cleared with 11 of 14 consortium banks, not 8.
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Reported figures
From the report. Source details below
| Over 96% of outstanding dues at remaining | 6 banks repaid |
|---|---|
| Less than | 4% debt remaining |
| Q1 consolidated net profit: | ₹222 crore, up 37.2% YoY |
| Q1 revenue from operations: | ₹877.04 crore, up 21% YoY |
| Q1 EBITDA: | ₹241.56 crore, up 89.7% YoY |
| Preferential issue funding: | ₹2,702.11 crore |
| Share price: | ₹9.69, up 0.62% |
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