Thangamayil Jewellery Reports Strong Q4 Growth and Improved Financial Metrics

Thangamayil Jewellery, a midcap player in the Diamond and Gold Jewellery industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial landscape, with a revision in its score reflecting these changes.
For the quarter, Thangamayil Jewellery reported a Profit Before Tax (PBT) of Rs 67.45 crore, showcasing a significant growth compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) reached Rs 48.19 crore, also demonstrating substantial growth over the prior averages. These figures suggest a strong near-term trend in profitability.

On the sales front, the company achieved net sales of Rs 2,313.51 crore for the half-year, marking a year-on-year growth of 22.45%. This positive sales trend is complemented by an increase in cash and cash equivalents, which reached Rs 176.58 crore, the highest in the last six half-yearly periods, indicating improved short-term liquidity.

Additionally, the Debtors Turnover Ratio has reached a peak of 1,795.89 times, reflecting the company's efficiency in settling its debts. Overall, these financial results highlight a positive trajectory for Thangamayil Jewellery.

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