PN Gadgil Jewellers Q1 Results: Profit grows 60% YoY to Rs 35.3 crore, revenue grows 32% YoY

P N Gadgil Jewellers Limited (PNG) released its unaudited financial results for Q1 FY2024-25, reflecting robust growth. The company reported a revenue from operations of INR 1,668.18 crore, marking an increase from INR 1,256.80 crore in the same quarter last year. Net profit also rose significantly, reaching INR 35.32 crore, up from INR 22.15 crore year-on-year.

The board meeting, held on October 5, 2024, also reviewed the performance of PNG’s subsidiaries, Gadgil Diamonds Private Limited and PNG Jewelers, Inc., based in India and the U.S., respectively. Other income for the quarter totaled INR 1.93 crore, adding to the total income of INR 1,670.08 crore.