P N Gadgil Jewellers Ltd. reported a strong performance for Q2 FY25, with net profit increasing by 59% year-on-year (YoY) to ₹34.92 crore, compared to ₹21.95 crore in Q2 FY24. The company’s revenue from operations grew 46% YoY to ₹2,001.31 crore, up from ₹1,371.51 crore in the same period last year.
On a quarter-on-quarter (QoQ) basis, revenue saw a 20% rise from ₹1,668.18 crore in Q1 FY25, while net profit dipped slightly by 1% from ₹35.32 crore in the previous quarter.
For the half-year period ending September 30, 2024, P N Gadgil Jewellers recorded a revenue of ₹3,669.93 crore, marking a 39% increase from ₹2,628.31 crore in the same period last year. The half-yearly net profit stood at ₹70.24 crore, up 59% from ₹44.10 crore in H1 FY24.
The company’s strong revenue and profit growth underscore its success in navigating market demand, with an impressive YoY rise in performance across key financial indicators.
