India, Sept. 5 -- BlueStone's Lacklustre Q1 Show

BlueStone's maiden financial results as a listed company showed glittering sales blemished by persistent losses. Even though the losses fell sequentially, the company's future plans involve a lot more capital expenditure.

Before we see that, here's a quick snapshot of the Q1 results

Consolidated net loss declined 41% YoY to INR 34 Cr

Operating revenue surged 42% YoY to INR 492 Cr

Expenses zoomed 29% YoY to INR 538 Cr

ESOP costs surged 175% YoY to INR 23 Cr

Depreciation and amortisation also rose 83% YoY to INR 48 Cr

The Growth Engine: Notwithstanding the losses, the jewellery brand's expansion strategy continued to pay dividends. The company added 17 outlets to its kitty in Q1, incr...