By PTI Sept 14, 2020 6:47:42 PM IST (Published)
PC Jeweller Ltd on Monday posted a consolidated net loss of Rs 73.55 crore for the first quarter of 2020-21 fiscal on sharp fall in sales. The company had clocked a net profit of Rs 39.21 crore in the April-June quarter in the previous fiscal, according to a regulatory filing.
PC Jeweller Ltd on Monday posted a consolidated net loss of Rs 73.55 crore for the first quarter of 2020-21 fiscal on sharp fall in sales. The company had clocked a net profit of Rs 39.21 crore in the April-June quarter in the previous fiscal, according to a regulatory filing.
Net income declined sharply to Rs 87.02 crore in the first quarter of 2020-21 fiscal from Rs 1,417.14 crore in the year-ago period.
PC Jeweller said the retail industry as a whole has been adversely impacted due to COVID-19 and consequent lockdown resulting from it.