Kalyan Jewellers reports a 52-week high profit, a 6% rise in shares
Kalyan Jewellers shares soared 6.03% to Rs 188.95 against the last close of Rs 178.20 on BSE. The market cap of the company jumped to Rs 18,906 crore on BSE.
Shares of Kalyan Jewellers India Ltd increased to a new 52-week high today after the company reported a 33% incline in Q1 net profit. Q1 consolidated net profit of Kalyan Jewellers increased to Rs 144 crore against a net profit of Rs 108 crore in the prior year’s corresponding quarter. Consolidated income from operations lifted 35.7% to Rs 4376 crore in Q1 against Rs 3333 crore in the corresponding period of the previous fiscal.
The shares of the jewellery chain soared 6.03% to Rs 188.95 against the last close of Rs 178.20 on BSE. The market cap of the company increased to Rs 18,906 crore on BSE. Kalyan Jewellers shares even touched an intraday low of Rs 177.35, its opening level on BSE.
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The shares of Kalyan Jewellers have gained 156% in a year and increased 46.08% in 2023. A total of 5.41 lakh company stock changed hands, amounting to a turnover of Rs 10.02 crore on BSE.
The standalone earnings for the firm (India) in Q1 rose 34% to Rs 3,641 crore as against Rs 2,719 crore in Q1 of the last financial year. The India operations reported a 35% climb in profit to Rs 129 crore in Q1 compared to a PAT of Rs 95 crore in the prior year’s corresponding quarter.
