Tribhovandas Bhimji Zaveri Limited ("TBZ"), India's renowned and trusted jewellery retailer with a legacy of over 150 years, reported its audited and reviewed results for the first quarter of financial year ending 30111 June 2019.
The total income from operations during Q1 FY20 increased by 4.58% YoY to Rs. 429.77 crores. Q1 FY20 EBITDA increased by 85.21% YoY to Rs. 25.70 crores with an EBITDA margin of 5.98%. Q1 FY20 PBT increased by 143.84% YoY to Rs. 4.97 crores with a PBT margin of 1.16%. Q1 FY20 PAT increased by 135.51 % YoY toRs. 3.09 crores with a PAT margin of 0.72%.
"Mr. Shrikant Zaveri, Chairman and Managing Director of the company stated that "We displayed sustained sales growth in the first quarter. Sales growth was complimented by improved gross margins leading to higher gross profit. Our operational profitability and cash flows improved in line with the revenues whilst we maintained strict control on operating costs. Consumer sentiments were encouraging during the quarter due to two major festivals. We expect to grow market share going forward and with an early onset of the festive season".
Shares of TRIBHOVANDAS BHIMJI ZAVERI LTD. was last trading in BSE at Rs.33 as compared to the previous close of Rs. 32.05. The total number of shares traded during the day was 31273 in over 294 trades.
The stock hit an intraday high of Rs. 34.75 and intraday low of 32.1. The net turnover during the day was Rs. 1043388.