Thangamayil Jeweller posts Q1 net profit of Rs 18.98 cr
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The company reported standalone net profit during the quarter stood at Rs 18.98 crore compared to net loss of Rs 7.46 crore in the previous year quarter. Net revenue of the company rose two fold by 230.82 per cent at Rs 826.12 crore in April-June quarter of this fiscal as against Rs 249.72 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 213.00 per cent to Rs 790.27 crore from Rs 252.48 crore in year ago period.
Other Income grew by 20.83 per cent at Rs 0.29 crore versus (Jun'21 Rs 0.24 crore). Operating Profit surged by 1394.22 per cent to Rs 35.85 crore as against Rs -2.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 490.99 per cent in June quarter. Interest grew by 43.85 per cent y-o-y to Rs 7.84 crore, while Taxation increased by 389.83 per cent at Rs 6.84 crore (Jun'21 Rs -2.36 crore)
