P N Gadgil shares hit 10% upper circuit after Q3 results impress D-Street

P N Gadgil shares hit their 10% upper circuit in intraday trade, reaching Rs 621.05 on the BSE, after the firm reported its quarterly results for the first time since its listing on the exchanges. The company posted a 49.4% YoY surge in its profit after tax (PAT) for Q3FY25.

The PAT stood at Rs 86.03 crore for the three months ending December 2024, compared to Rs 57.60 crore reported in the same period last year.

Additionally, P N Gadgil’s revenue from operations rose 23.5% YoY to Rs 2,435.75 crore for the quarter, up from Rs 1,972.16 crore in the corresponding quarter of the previous financial year.

The franchise revenue also grew to Rs 226.4 crore, reflecting an 86.6% year-on-year increase for Q3 FY25.

On the EBITDA front, the company witnessed a 37.2% YoY increase. The EBITDA for the quarter reached Rs 129.77 crore, compared to Rs 94.58 crore in the same quarter of FY24.

The EBITDA margin surged by 50 bps to 5.3%.

‘Strong Same-Store Sales Growth (SSSG) of 25.7% continues to drive sustained growth, underlining the successful performance of our existing showrooms for FY25 YTD,’ the company reported in its exchange filing.’With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint. The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments — retail, e-commerce, and franchise — reinforces our strategy and positions us well for sustained momentum in the coming quarters,’ said Saurabh Gadgil, Chairman & Managing Director of P N Gadgil Jewellers.”(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)