trending Market Intelligence /marketintelligence/en/news-insights/trending/lGkkxJeVTw96IHFIblBd4w2 content esgSubNav
In This List

Thangamayil Jewellery fiscal Q4 loss narrows YOY

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Thangamayil Jewellery fiscal Q4 loss narrows YOY

Thangamayil Jewellery Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 2.35 Indian rupees per share, compared with a loss of 13.84 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 32.1 million rupees, compared with a loss of 190.0 million rupees in the prior-year period.

The normalized profit margin climbed to negative 1.0% from negative 6.9% in the year-earlier period.

Total revenue increased 22.3% year over year to 3.37 billion rupees from 2.76 billion rupees, and total operating expenses rose 12.7% from the prior-year period to 3.35 billion rupees from 2.98 billion rupees.

Reported net income came to a loss of 36.9 million rupees, or a loss of 2.69 rupees per share, compared to a loss of 204.4 million rupees, or a loss of 14.89 rupees per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 15.02 rupees per share, compared with a loss of 9.37 rupees per share in the prior year.

Normalized net income was a loss of 206.1 million rupees, compared with a loss of 128.5 million rupees in the prior year.

Full-year total revenue grew 19.3% year over year to 14.21 billion rupees from 11.91 billion rupees, and total operating expenses increased 21.0% year over year to 14.26 billion rupees from 11.78 billion rupees.

The company said reported net income totaled a loss of 222.8 million rupees, or a loss of 16.24 rupees per share, in the full year, compared with a loss of 125.7 million rupees, or a loss of 9.16 rupees per share, the prior year.

As of May 25, US$1 was equivalent to 63.59 Indian rupees.