PC Jeweller posts Rs 376.8 cr net loss in Q4 last fiscal on account of loss in export business; total income rises to Rs 2,203.91 cr

New Delhi: PC Jeweller has posted a net loss of Rs 376.8 crore on a standalone basis during the fourth quarter of last fiscal on account of loss in export business. The company had posted a net profit of Rs 118.28 crore in the year-ago period, it said in a regulatory filing Thursday. Total income, however, rose to Rs 2,203.91 crore during the January-March quarter of 2018-19 fiscal from Rs 2,114.64 crore in the corresponding period of the previous year. [caption id=“attachment_4357889” align=“alignleft” width=“380”] Representational image. Reuters[/caption] “Net loss of Rs 376.8 crore in Q4 FY19 is due to loss in the export business on account of one-time discount against the outstanding export trade receivables aggregating to Rs 513 crore,” the Delhi-based jeweller said in a presentation. The domestic business continues to remain profitable, though, with slightly reduced margins, it added. During the full 2018-19 fiscal, PC Jeweller has posted a standalone net loss of Rs 2.81 crore as against a net profit of Rs 567.4 crore in the previous year. Total income fell to Rs 8,461.17 crore during the 2018-19 fiscal from Rs 9,588.54 crore in the 2017-18 fiscal. Out of the total operational revenue, 17 percent came from exports. On a consolidated basis, the company posted a net loss of Rs 0.61 crore in the last fiscal year as against a profit of Rs 535.64 crore in the previous year. Total income fell to Rs 8,764.28 crore during the last fiscal year from Rs 9,707.13 crore in the 2017-18 financial year.