Thangamayil Jewellery disclosed their fourth-quarter results on May 20, 2024. While the company saw a notable increase in revenue by 27.47%, there was a decline in profit by 8.99% compared to the previous year.
Quarterly comparisons show a 9.67% growth in revenue and a marginal 0.86% rise in profit. However, selling, general, and administrative expenses surged by 25.56% sequentially and 17.15% year-on-year.
Operating income experienced a decrease of 9.92% quarter-on-quarter and a notable drop of 19.24% year-on-year. Earnings per share (EPS) for the fourth quarter stand at ₹10.29, marking a 9.04% decrease compared to the previous year.
Thangamayil Jewellery’s recent performance shows a return of 0.88% in the past week, but a decline of 13.26% over the last six months and a year-to-date return of -16.23%.
Presently, the market capitalization of Thangamayil Jewellery stands at ₹3427.84 Cr with a 52-week high/low of ₹1549.5 & ₹587.52 respectively.
Analyst coverage reveals that out of the two analysts tracking the company, one recommends a Buy rating while the other suggests a Strong Buy rating, resulting in a consensus recommendation to Strong Buy as of May 23, 2024.