Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 27.47 % in the past year, substantial increase in net sales/revenue by 9.67 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -12.71 %, Marginal increase in other income during this quarter, up by 24.41%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Thangamayil Jewellery Limited. Profit dropped by -9 % Year to Year, Thangamayil Jewellery Limited’s profitability increased by 0.84 % in this quarter.
- EPS over the Year and quarter: EPS declined by -54.49 % Year to Year. EPS increased by 0.78 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 769.73 Cr | Rs. 894.631 Cr | Rs. 981.163 Cr | + 9.67 % | + 27.47 % |
| Expenses | Rs. 712.82 Cr | Rs. 844.89 Cr | Rs. 932.85 Cr | + 10.41 % | + 30.87 % |
| Operating Profit | Rs. 56.91 Cr | Rs. 49.74 Cr | Rs. 48.31 Cr | -2.87 % | -15.11 % |
| OPM % | 7.39 % | 5.56 % | 4.92 % | -0.64 % | -2.47 % |
| Other Income | Rs. 1.81 Cr | Rs. 1.27 Cr | Rs. 1.58 Cr | + 24.41 % | -12.71 % |
| Interest | Rs. 10.57 Cr | Rs. 9.23 Cr | Rs. 8.61 Cr | -6.72 % | -18.54 % |
| Depreciation | Rs. 6.04 Cr | Rs. 4.03 Cr | Rs. 5.23 Cr | + 29.78 % | -13.41 % |
| Profit before tax | Rs. 42.11 Cr | Rs. 37.75 Cr | Rs. 36.05 Cr | -4.5 % | -14.39 % |
| Tax % | 26.31 % | 25.82 % | 21.67 % | -4.15 % | -4.64 % |
| Net Profit | Rs. 31.03 Cr | Rs. 28 Cr | Rs. 28.24 Cr | + 0.86 % | -8.99 % |
| EPS in Rs | Rs. 22.61 | Rs. 10.21 | Rs. 10.29 | + 0.78 % | -54.49 % |
Today, we’re looking at Thangamayil Jewellery Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 27.47 %. However, it did see a marginal increase of 9.67 % from the previous quarter. Expenses ticked up slightly by 10.41 % quarter-on-quarter, aligning with the annual rise of 30.87 %. Operating profit, while down -15.11 % compared to last year, faced a quarter-on-quarter dip of -2.87 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.47 %, but a shrinkage of -0.64 % sequentially. Other income rose by 24.41 % compared to the last quarter, despite an annual decline of -12.71 %. Interest expenses dropped significantly by -6.72 % from the previous quarter, yet the year-over-year decrease remains at a moderate -18.54 %. Depreciation costs climbed by 29.78 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -13.41 %. Profit before tax declined annually by -14.39 % but saw a reduction from the preceding quarter by -4.5 %.
Tax expenses as a percentage of profits decreased slightly by -4.64 % compared to last year, with a more notable quarter-on-quarter decrease of -4.15 %. Net profit fell by -8.99 % year-on-year but experienced a 0.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -54.49 % but a quarterly rise of 0.78 %. In summary, Thangamayil Jewellery Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 769.73 Cr | Rs. 894.631 Cr | Rs. 981.163 Cr | + 9.67 % | + 27.47 % |
| Expenses | Rs. 712.82 Cr | Rs. 844.89 Cr | Rs. 932.85 Cr | + 10.41 % | + 30.87 % |
| Operating Profit | Rs. 56.91 Cr | Rs. 49.74 Cr | Rs. 48.31 Cr | -2.87 % | -15.11 % |
| Net Profit | Rs. 31.03 Cr | Rs. 28 Cr | Rs. 28.24 Cr | + 0.86 % | -8.99 % |
| EPS in Rs | Rs. 22.61 | Rs. 10.21 | Rs. 10.29 | + 0.78 % | -54.49 % |
In reviewing Thangamayil Jewellery Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.47 % year-on-year growth, however, there was a minor increase of 9.67 % from the previous quarter. Expenses rose by 30.87 % compared to the previous year, with a 10.41 % increase quarter-on-quarter. Operating Profit dropped by -15.11 % annually, and saw a -2.87 % decrease from the last quarter.
Net Profit showed yearly decrease of -8.99 %, and experienced a 0.86 % increase from the previous quarter. Earnings Per Share (EPS) fell by -54.49 % annually, however rose by 0.78 % compared to the last quarter. In essence, while Thangamayil Jewellery Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
 Ltd. logo1.jpg){kind=logo}