Kalyan Jewellers India inches up on reporting 33% rise in Q1 consolidated net profit

Kalyan Jewellers India is currently trading at Rs. 183.15, up by 0.45 points or 0.25% from its previous closing of Rs. 182.70 on the BSE.

The scrip opened at Rs. 185.55 and has touched a high and low of Rs. 186.75 and Rs. 178.35 respectively. So far 60603 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 188.95 on 09-Aug-2023 and a 52 week low of Rs. 69.00 on 10-Aug-2022.

Last one week high and low of the scrip stood at Rs. 188.95 and Rs. 169.50 respectively. The current market cap of the company is Rs. 18819.07 crore.

The promoters holding in the company stood at 60.55%, while Institutions and Non-Institutions held 32.26% and 7.19% respectively.

Kalyan Jewellers India has reported 35.18% rise in its net profit at Rs 128.91 crore for the quarter ended June 30, 2023 as compared to Rs 95.36 crore for the same quarter in the previous year. Total income of the company increased by 33.95% at Rs 3,654.70 crore for Q1FY24 as compared Rs 2,728.33 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 33.20% rise in net profit at Rs 143.55 crore for the first quarter ended June 30, 2023 as compared to Rs 107.77 crore for the same quarter in the previous year. Total income of the company increased by 31.34% at Rs 4,387.39 crore for Q1FY24 as compared Rs 3,340.52 crore for the corresponding quarter previous year.

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