Gems & Jewellery company Thangamayil Jewellery announced Q1FY24 results: Reported Rs 959 crore sales, the highest so far achieved by the company. Reported the highest EPS of Rs 42.72 for any quarter so far declared by the company. Apart from the operating profits, the company had the benefits of better realization on gold price movement up to Rs 32 crore All products resulted in increased volume sales as given in the annexure. During Q1FY24, the company opened Kumbakonam retail outlet taking the total retail outlets to 54. The shareholders approved among other things the issue of bonus shares at 1:1 in the AGM held on 05th July 2023. The final dividend of Rs 6/- per share was approved by AGM & paid to all the eligible shareholders on 10th July 2023. Since closure of first quarter gold price declined by 3% and if it continued to be so in the current quarter ending 30/09/2023, it would have an impact on the results going forward on the closing inventory held at the end of first quarter to the extent of unhedged portion of 25% of aggregative inventory. Result PDF