5348092025-01-012025-03-315348092025-03-315348092024-03-315348092024-04-012025-03-315348092025-01-012025-03-31in-capmkt:OtherExpenses1Member5348092024-04-012025-03-31in-capmkt:OtherExpenses1Member5348092025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15348092024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15348092025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15348092024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15348092025-01-012025-03-31AuditorDomain15348092025-01-012025-03-31in-capmkt:AuditedMember5348092025-03-31in-capmkt:AuditedMember5348092025-01-012025-03-31in-capmkt:AdjustedMember5348092025-03-31in-capmkt:AdjustedMember5348092025-01-012025-03-31AuditQualification15348092025-01-012025-03-31AuditQualification25348092025-01-012025-03-31AuditQualification3iso4217:INRiso4217:INRxbrli:shares534809PCJEWELLERNOTLISTEDINE785M01021PC Jeweller LimitedMain BoardEquity2024-04-012025-03-312025-05-252025-05-15INRCroresQuarterlyFourth quarterSingle segmentJewellery2025-05-2512:00:002025-05-2513:05:00trueCash Flow IndirectStatement on impact of audit qualification2025-01-012025-03-31AuditedConsolidated69902000001080000070010000006661300000516100000-19204000008500000044750000049000000197800000603630000096470000009647000000169000001690000009478000000000947800000-17500000930300000635530000010.160.1000.160.1For notes to the financial results, please refer results PDF file already submitted with the exchange on 25.05.2025.2024-04-012025-03-31AuditedConsolidated22446000000127270000023718700000253834000002395300000-1010730000025790000051290000017950000057140000019193100000452560000004525600000-1138500000-112900000-12514000000577700000000005777000000-8500000576850000063553000001555727000001.130.66001.130.66Other Expenses197800000Other Expenses57140000022330000000056000000001000001164390000082300000845500000125718000001888000003670000013026200000664915000000350890000062190000015900000200000062000004154900000045050000071096900000008412310000063553000005557270000061928000000619280000003900000000626000000629900000315000000006614000002064420000030000013740000013770000034610000021128000000384700000210000000021533700000002219510000084123100000For notes to the financial results, please refer results PDF file already submitted with the exchange on 25.05.2025.512900000-10162700000-16809000001699500000-124200000-5400000-286000000-1098000000-5500000084100000017950000049200000-10000003500000-85600000193500000-458300000056940000009300000081000000-4294000000-11178600000-6653000000000-3258000000-63272000000027200000000001400000570000000000000000-5000000007000000006300000002490000000665480000050916000000000049550000000042840000005139000006876900000574600000057460000047300000621900000Items that will not be reclassified to profit/(loss)46000004600000Items that will not be reclassified to profit/(loss)4600000460000011000001100000Items that will be reclassified to profit/(loss)-21000000-21000000Items that will be reclassified to profit/(loss)-12000000-1200000000-17500000-8500000AuditedQualified opinionA H P N & Associatestrue2025-11-3023718700000237187000001919310000019193100000577700000057770000001.131.13841231000008412310000022195100000221951000006192800000061928000000The Holding company during the financial year ended 31st March 2019 had provided discounts of INR 513.65 Crore to its export customers which had been adjusted against the revenues for the said year (read with Note 6 to the accompanying statement). The Holding company had initiated the process to comply with the requirements of the Master Directions on Exports of Goods and Services issued by the Reserve Bank of India. Subsequently the Holding company has obtained the approvals from the authorized dealer banks for reduction in receivables corresponding to discounts amounting to INR 330.49 Crore. For the remaining discounts of INR 183.16 Crore, in the absence of requisite approvals and material evidence related to such transactions, we are unable to ascertain any consequential effect of the above, if any, of the same on the accompanying Statement. Qualified opinionRepetitiveNot ApplicableNot ApplicableThe management of the holding company had extended the discounts as on 31st March 2019 in view of the genuine business problems and operational issues being faced by its overseas buyers. The discount extended amounted to one-time discount of 25% of the export value of outstanding receivables as on 31st March 2019. The discount extended is in accordance with the Master Circular on Exports of Goods and Services - Master Circular No.14/2015-16 under the Foreign Exchange Management Act, 1999 and the management of the holding company does not expect any material penalty to be levied and therefore, no provision for the same has been recognized in these financial results.Refer our qualification above, in the absence of such approval and material evidence related to the transaction, we are unable to comment on the impact, if any, of the same on the accompanying consolidated financial results.With respect to provision for the expected credit loss / impairment relating to overdue overseas Trade Receivables of Holding company as required under Ind-As 109, (read with Note 7 to the accompanying statement). Trade receivables as at 31st March 2025, inter alia, include outstanding from export customers aggregating to INR 1512.03 crore. The export receivables have been outstanding for more than 9 months and have been restated as per the RBI exchange rate as on 31st March 2025. The Holding company has filed necessary applications with the requisite authority as per the regulations of the Foreign Exchange Management Act, 1999 for condonation of delays in repatriation of funds by its customers. However, as a mark of prudent accounting practices the holding company has computed and applied cumulative ECL of INR 265.10 crore on the outstanding export receivables as on 31st March 2025. Despite no realization as per scheduled expected dates from the export receivables and considering the initiation of legal route of recovery during the year, we are unable to examine adequacy of the provision of expected credit loss and its consequential impact and adjustments on the accompanying statement.Qualified opinionRepetitiveNot ApplicableNot ApplicableThe management of the holding company is in touch with its export buyers and is confident of the buyers remitting payments as per the schedule advised by them and is therefore convinced about the accuracy of the calculated ECL amount.Refer our qualification above, in the absence of such approval and material evidence related to the transaction, we are unable to comment on the impact, if any, of the same on the accompanying consolidated financial results.A portion of the Holding Companys inventory is under the custody of secured lenders pursuant to orders of the Honble DRT / DRAT and is not physically accessible for verification by the management or by us as auditors as at the Balance Sheet date. Accordingly, the physical verification/ inspection of the inventory at these locations could not be conducted neither by the management nor by the auditors as on the Balance Sheet date. Hence the inventory valuation is based on determination of estimated net realizable value or cost whichever is lower in accordance with the Indian Accounting Standards. The release of this inventory is contingent upon compliance with the terms of the Settlement Agreement executed with the secured lender(s) (which is expected to be release in upcoming quarters). Regarding Valuation of such stock, based on recent assessments and prevailing market conditions, there has been a positive movement in its estimated net realizable value. We have relied upon the valuation of the Inventory as certified and determined by the management which is in accordance with the Indian Accounting Standards.Qualified opinionRepetitiveNot ApplicableNot ApplicableThe inability of the auditors or the management of the Holding Company to conduct physical inspection of the inventory at certain locations does not in any manner indicates thats its valuation is different then as contained in the holding companys books.Refer our qualification above, in the absence of such approval and material evidence related to the transaction, we are unable to comment on the impact, if any, of the same on the accompanying consolidated financial results.BALRAM GARGVISHAN DEOSANNOVANDA MACHAIAH SWATHIA H P N & ASSOCIATESNEW DELHI2025-05-25