Compared to the previous year, the company’s third quarter performance was strong and stronger days supported by low reverence.
Kalyan’s jewelers have planned to repay Rs 150 crore in debt this year, with strong cash flows mainly allocated for debt reduction and dividend. Kalyanraman said, “Once repaying the debt, we will either open a store owned or consider buyback.”
Regarding the custom duty adjustment, Kalyanraman clarified, “Except for Pat -growth, custom duty effect, at 44%. Moving beyond custom duty will have no other effect, as all adjustments for this quarter were calculated. Is.”
He said that about 25% of the promoter shares are promised, mainly to acquire more shares of Kalyan Jewelers, he said. “However, the promoter will not proceed by promising.”
The company focuses on debt reduction and intends to release the land parcels used as collateral. Kalyanraman said, “Our sole objective in repaying the loan is to recover some land parcels organized by banks. We expect more clarity over it in the next three -six months.”
Kalyan Jewelers’ stock rose by 12.5% ​​per share in early trade on Friday by 12.5%.
(Tagstotranslet) Kalyan Jewelers India Limited
