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The Economic Times
The Economic Times
Business
Veer Sharma

Thangamayil Jewellery Q1 Results: Net profit spikes 86% YoY to Rs 85 crore; stock tanks 10% on weak guidance

Thangamayil Jewellery Gold

Shares of Thangamayil Jewellery tanked as much as 10% to Rs 6,461 on the BSE on Wednesday after it reported a net profit of Rs 85 crore for the first quarter of FY27, marking an 86% growth from Rs 45.7 crore posted in the same period last year.

The company’s revenue from operations jumped 71.2% in the June quarter to Rs 2,666.4 crore from Rs 1,558 crore posted in the corresponding quarter of the previous financial year.

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