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PC Jeweller clears over 98% of bank debt, targets debt-free status this month
Indian jeweller PC Jeweller repaid debt owed to a 12th consortium bank, clearing over 98% of bank debt ahead of schedule. It aims to become debt-free this month, strengthening its balance sheet; shares rose nearly 7% following the update.
More than 98%Bank debt discharged · of Total bank debt owed to the consortium banks
Reported figures
From the report. Source details below
| Cleared debt with 12 of | 14 consortium banks |
|---|---|
| Share price rose 6.96% to | ₹13.68 |
| Market capitalisation: | ₹13,325.80 crore |
| Q1 FY27 net profit: | ₹171.09 crore |
| Q1 FY27 net revenue: | ₹803.82 crore |
Also in the report
- Less than 2% debt remains; targets debt-free status in current month