PC Jeweller today reported 23 per cent fall in net profit to Rs 79.20 crore for the quarter ended on September 30, 2014 due to high finance cost and tax expenses.
The company had a net profit of Rs 102.80 crore in the year ago period.
Total income from operations during July-September quarter rose to Rs 1,183.61 crore from Rs 1,111.73 crore in the year ago period, the company said in a BSE filing.
Its finance cost rose to Rs 55.18 crore from Rs 30.21 crore. Tax expenses too increased to Rs 39.90 crore from Rs 23.07 crore during the period under preview.
The Delhi-based jeweller has 47 showrooms across 38 cities in the country.
Shares of the company today closed at Rs 246 apiece, up by 0.84 per cent on BSE.
