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    APL Apollo Tubes Ltd
    Industry :  Steel - Large
    BSE Code
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    INE702C01027
    108.0529546
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Kalyan Jewellers India Ltd
Kalyan Jewellers drops after Q2 PAT slips 3% YoY to Rs 131 cr
Nov 13,2024
There was a one-time loss of Rs 69 crore due to reduction in customs duty in India during Q2 FY25, stated the firm.

Revenue from operations increased 37.4% YoY to Rs 6,065.48 crore in the quarter ended 30 September 2024.

Profit before tax (PBT) stood at Rs 177.95 crore in September 2024 quarter, up 0.11% YoY.

EBITDA stood at Rs 327.2 core in second quarter of FY25, registering a growth of 4% as compared with Rs 313.7 crore posted in corresponding quarter last year. EBITDA margin stood at 5.4% in Q2 FY25 as against 7.1% in Q2 FY24.

In terms of geography, total revenue from India jumped 39% YoY to Rs 5,226.8 crore during the quarter, driven majorly by healthy same store sales growth (SSSG) of 23% on YoY basis. During the quarter, 15 new showrooms added in India.

Revenue from Middle East region increased 27% YoY to Rs 800.4 crore in Q2 FY25. Same-store-sales-growth (SSSG) was 9% while No. of showrooms increased to 36 in during the quarter as against 34 showrooms in Q1 FY24.

The firm reported 10.47% increase in consolidated net profit to Rs 308.37 crore on 31.97% rise in revenue from operations to Rs 11,600.96 crore in H1 FY25 over.

Headquartered in Kerala, Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East.