Thangamayil Jewellery Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 01, 2023 at 04:25 am
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Thangamayil Jewellery Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 9,921.1 million compared to INR 8,131.5 million a year ago. Revenue was INR 9,934.4 million compared to INR 8,134.5 million a year ago. Net income was INR 83.9 million compared to INR 159.5 million a year ago. Basic earnings per share from continuing operations was INR 3.06 compared to INR 5.81 a year ago. Diluted earnings per share from continuing operations was INR 3.06 compared to INR 5.81 a year ago.
For the six months, sales was INR 19,509.8 million compared to INR 16,392.7 million a year ago. Revenue was INR 19,535.4 million compared to INR 16,398.6 million a year ago. Net income was INR 670 million compared to INR 349.4 million a year ago. Basic earnings per share from continuing operations was INR 24.42 compared to INR 12.73 a year ago. Diluted earnings per share from continuing operations was INR 24.42 compared to INR 12.73 a year ago.
Thangamayil Jewellery Limited is an India-based company that is primarily involved in the manufacturing and sale of Jewelry and other accessories and products. The Company is engaged in the business of gold jeweler, diamond and silver articles. It has a total of operating area of approximately 78,000 square feet, across all its 41 Thangamayil showrooms & 13 Thangamayil Plus exclusive silver showrooms. The Companyâs branches are located in Madurai, Rajapalayam, Sivakasi, Aruppukottai, Virudhunagar, Dindigul, Palani, Ottanchatram, Batlagundu, Theni, Cumbum, Karaikudi, Sivagangai, Ramnad, Tirunelveli, Tenkasi, Valliyoor, Sankarankovil, Thisayanvilai, Surandai, Tuticorin, Kovilpatti, Eral others. Its Exclusive Showroom for Silver is located in Tiruppuvanam, Devakottai, Sattur, Vadipatti, Manamadurai, Periyakulam, Kayalpattinam, Usilampatti, Ilayangudi, Keelakarai, Natham, Bodi and Vedasandur. It has also established a manufacturing unit in Madurai (Chinthamani).