Thangamayil Jewellery has announced its Q1 results for the fiscal year 2024, revealing a mixed financial performance. While the company's revenue saw a significant increase, its profit experienced a slight decline
Thangamayil Jewellery has released its Q1 results for fiscal year 2024, showing a mixed financial performance. The company reported a significant rise in revenue, but its profit saw a slight decrease.
Key Financial Highlights:
- Revenue Growth: Thangamayil Jewellery's revenue surged by 27.27% year-over-year (YoY).
- Profit Decline: Despite the revenue increase, profit decreased by 3.5% YoY.
- Quarterly Comparison: Compared to the previous quarter, revenue grew by 24.38%, and profit saw a remarkable increase of 100.28%.
- Operating Income: The operating income rose by 96.29% quarter-over-quarter (QoQ) and by 23.75% YoY.
- Expenses: Selling, general, and administrative expenses declined by 4.4% QoQ but increased by 42.56% YoY.
- Earnings Per Share (EPS): The EPS for Q1 is Rs.20.61, reflecting a 3.51% decrease YoY.
Market Performance:
- Recent Returns: Thangamayil Jewellery has delivered a 0.69% return in the last week, a 32.45% return over the past six months, and a 19.26% year-to-date return.
- Market Cap: The company's current market capitalization is Rs.4,880.33 crore.
- 52-Week High/Low: The stock's 52-week high is Rs.1,967.25, and the 52-week low is Rs.1,068.05.
Analyst Ratings:
As of July 26, 2024, two analysts are covering Thangamayil Jewellery. One analyst has given a Buy rating, and another has given a Strong Buy rating. The consensus recommendation is to Strong Buy.
Financial Summary:
- Revenue Growth: 27.27% YoY
- Profit Decline: 3.5% YoY
- Quarterly Revenue Growth: 24.38%
- Quarterly Profit Growth: 100.28%
- Operating Income Growth: 96.29% QoQ, 23.75% YoY
- Expenses Change: -4.4% QoQ, +42.56% YoY
- EPS: Rs.20.61 (3.51% decrease YoY)
Thangamayil Jewellery's Q1 results show a robust increase in revenue, but the decline in profit indicates challenges in managing expenses and maintaining profitability. The market response and analyst ratings suggest a positive outlook for the company's future performance.
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