Thangamayil Jewellery Ltd.'s consolidated net profit jumped 11% in the quarter ended March, meeting analysts' estimates.
The jewellery firm posted a profit of Rs 31.4 crore in the fourth quarter of the last financial year, according to an exchange filing on Thursday. This compares to Rs 28.24 crore in the same period last year.
The firm reported a revenue of Rs 1,380.50 crore, up by 40.7% from Rs 981.16 crore in the same period last year.
The firm declared a final dividend of Rs 12.5 per share with face value of Rs 10 each. The record date for the Annual General Meeting and dividend will be July 21, 2025. The payment date will be announced post the approval of the dividend at the AGM.
The total amount to be disbursed to eligible shareholders will be approximately Rs 39 crore.
Retail investors who own up to 15.72% stake will receive a sum total of up to Rs 6 crore, according to an exchange filing on Tuesday.
Thangamayil Jewellery Q4 Highlight (Consolidated, YoY)
Revenue up 40.7% to Rs 1,380.50 crore versus Rs 981.16 crore.
Net profit up 11% to Rs 31.40 crore versus Rs 28.24 crore.
Ebitda up 18% to Rs 57.14 crore versus Rs 48.31 crore.
Margin at 4.1% versus 4.9%.
Announces dividend of Rs 12.50.
Shares of Thangamayil Jewellery closed 4.89% lower at Rs 1,911.90 apiece on the NSE, compared to a 1.6% rise in the benchmark Nifty 50. The stock had risen 57.47% in the last 12 months and 0.6% on a year-to-date basis.
All three analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 21.6%.
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