INDIAN JEWELLER

Thangamayil Jewellery announces 8.99% year-over-year decrease in profit

Despite this decline, the company's topline saw a significant increase of 27.47%

Post By : IJ News Service On 24 May 2024 3:44 PM

The quarter-over-quarter revenue at Thangamayil Jewellery experienced a growth of 9.67%, while profit saw a modest rise of 0.86%. However, the company faced rising costs, with Selling, General & Administrative expenses surging by 25.56% from the previous quarter and 17.15% year-over-year.

The operating income took a hit, decreasing by 9.92% quarter-over-quarter and falling by 19.24% compared to the same period last year. Earnings per share (EPS) for Q4 stood at Rs.10.29, marking a 9.04% decrease year-over-year.

In terms of stock performance, Thangamayil Jewellery delivered a return of 0.88% over the past week, but has faced a decline of 13.26% over the last six months and a year-to-date drop of 16.23%.

The company currently holds a market capitalization of Rs.3427.84 crore, with a 52-week high of Rs.1549.5 and a low of Rs.587.52.

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