This jewellery company zooms after reporting a 289% jump in profit for Q4!

This jewellery company zooms after reporting a 289% jump in profit for Q4!

by 5paisa Research Team Last Updated: May 22, 2023 - 05:53 pm 110 Views

Amidst the sizzling financial season, Thangamayil Jewellery Limited reports impressive results and announces dividends. 

Quarterly Performance 

In comparison to the same quarter last year, the company's net profit for the fourth quarter which ended on March 31, 2023, increased by 288.85% to Rs 31.03 crore from Rs 7.98 crore. In Q4FY23, the company's total net revenue increased by 26.68% from Rs 609.04 crore to Rs 771.54 crore in a similar quarter the year prior. 

The company reported a 106.85% increase in net profit for the year ended March 31, 2023, from Rs 38.55 crore to Rs 79.74 crore. When compared to the year ended March 31, 2022, the company's net revenue increased marginally by 43.79% to Rs 3,155.90 crore from Rs 2,194.75 crore in the year prior ended on March 31, 2022. 

About the Dividend 

A final dividend of Rs 6 per equity share which has a face value of Rs 10 has been recommended by the board which is 60%, subject to approval by shareholders at the following Annual General Meeting. In February 2023, an interim dividend of Rs 6 per equity share was already given.

Share Price Movement

In the last trading session script was closed at Rs 1134.85. Today it opened at Rs 1175.90 and touched a high of Rs 1326.10 and a low of Rs 1147.05. It was closed at Rs 1174.95 up by 3.53%, a total of 11,997 shares were traded over the counter at BSE. 

The BSE group 'B' stock has a market cap of around Rs 1,600 crore and it had a 52-week high of Rs 1350 and it has a 52-week low of Rs 926.50.

Company Profile

Thangamayil Jewellery Limited operates a chain of retail jewellery stores across several districts in Tamil Nadu, a state that has the largest share (40%) of India's total gold consumption. The company primarily deals with four product lines, i.e., Gold, Silver, Diamonds and Platinum; the sale of gold being a predominant source of its income. Thangamayil Jewellery has also established four manufacturing units that employ in-house goldsmiths to craft designer jewellery, which are in vogue with the current trends in the marketplace.

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 08, 2023
Infollion Research Services has bumper listing at 155% premium

Infollion Research Services Ltd had a bumper listing on 08th June 2023, listing at a sharp premium of 154.88%, but subsequently gave up some of the bumper gains towards the close of trade as the markets also wobbled in the second half of the trading day.

  • Jun 08, 2023
Three Interesting NFOs expected in June

New fund offerings (NFOs) are a regular offering from the various mutual fund houses. In the last few months, the practice of companies tapping the Indian investors through NFOs has picked up once again.

  • Jun 08, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number