Corporate Performance     

Published: November 15, 2024
Updated: November 15, 2024

Motisons Jewellers Ltd

Stellar earnings show for Q2FY25, PAT spurts 101% YoY

Motisons Jewellers Ltd. (BSE: 544053, NSE: MOTISONS), a leading player in the jewelry industry, in its board meeting held on 28 October 2024, has approved its un-audited financial results for the quarter and half year ended 30 September 2024.

For the quarter ended 30 September 2024 (Standalone), the company the revenue from operations was reported at Rs. 10934.44 Lakhs, up 21% YoY. The EBITDA came in at Rs. 1762.51 Lakhs (Q2FY25), a growth of 34% YoY. EBITDA Margins grew 152 bps, from 14.57% (Q2FY24) to 16.09% (Q2FY25). PAT grew 101% YoY, from Rs. 518.28 Lakhs (Q2FY24), to Rs. 1039.55 Lakhs (Q2FY25). PAT margin came in at 9.49% (Q2FY25), improving by 374 bps YoY.

For the half year ended 30 September 2024 (Standalone), the revenue from operations was reported at Rs. 19805.64 Lakhs, up 11.98% YoY. The EBITDA came in at Rs. 2869.36 Lakhs (H1FY25), a growth of 11.52% YoY. EBITDA Margins came in at 14.45% (H1FY25). PAT grew 56.91% YoY, from Rs. 1066.04 Lakhs (H1FY24), to Rs. 1672.75 Lakhs (H1FY25). PAT margin came in at 8.42% (H1FY25).

Recently the company announced that the board approve the proposal for sub-division/split of Equity Shares of the Company in the ratio of 1:10 i.e. split of 1 equity shares in to 10, Alteration in the Capital clause of Memorandum of Association of the Company subsequent to above decision, with November 09, 2024 being set as record date for the split. Earlier, the board has approved the proposal for raising of funds to augment the financial resources of the Company, by issuance of fully convertible warrants on preferential basis, subject to such regulatory / statutory approvals as may be required including the approval of shareholders of the Company. The issue will see participation from FII/FPI investors such as North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund, Eminence Global Fund PCC- Eubilia Capital Partners Fund I, and Nexpact Limited, that are named amongst the proposed allotees.

Motisons Jewellers Ltd. is a prominent player in the jewelry retail industry, with a rich history spanning over two decades. It specializes in the sale of a diverse range of jewelry, including gold, diamond, kundan, and an array of other precious and semi-precious stones. Additionally, the company offers a variety of other products, such as pearl, silver, platinum, and other metals, as well as gold and silver coins, utensils, and other artifacts.

With a proven track record of approximately 25 years, Motisons Jewellers has experienced significant growth and has firmly established its brand, ‘par tywear, jewelleMotisons.’ The company prides itself on offering a wide-ranging collection that includes antique-finished, pearl, kundan, and diamond jewelry. A key strength of Motisons Jewellers lies in the diversity of designs created by its skilled jewelry designers, who continuously develop unique and specialty designs to cater to the latest customer tastes and preferences. Motisons Jewellers’ extensive product portfolio comprises over 300,000 designs, covering a wide range of price points. The company’s offerings cater to various occasions, including weddings, personal milestones, fashion events, festivals, and daily wear, as well as specific collections for children and men.