Jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) today said that its consolidated net profit stood at Rs 7.99 crore for the quarter ended March 31, 2012.
The company had posted a net profit of Rs 21.33 crore in the October-December quarter of the 2011-12 fiscal, it said in a filing to the BSE.
It didn't give figure for the fourth quarter earnings for corresponding period of fiscal 2010-11.
The consolidated net sales of the company stood at Rs 268.09 crore in the last quarter of the past fiscal, while, the net sales in the third quarter of the same fiscal stood at Rs 470.53 crore.
For the entire 2011-12 fiscal, TBZ's consolidated net profit rose by 46% to Rs 57.24 crore as against a net profit of Rs 39.18 crore in the year-ago period.
Its consolidated net sales rose to Rs 138.54 crore from Rs 119.39 crore in the same period.
Last month, TBZ had come out with a Rs 210 crore initial public offer (IPO) through which it plans to fund its expansion.
The company plans to open nine new large-format high street showrooms in eight cities during the current fiscal. It already has 14 showrooms in 10 cities across five states.
As part of its strategy, it plans to open nine showrooms -- one each in Aurangabad, Gandhidham, Hyderabad, Nagpur, Vadodara, Valsad, Visakhapatnam and two in Kolkata.
TBZ primarily sells gold and diamond-studded jewellery. It also additionally sells other products, including platinum jewellery, jadau jewellery and silverware.
Shares of the company at 1400 hours were ruling at Rs 111.05 on the Bombay Stock Exchange, down 3.22% from the previous close.