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TBZ shines after strong Q4 earnings

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The Q4 result was announced after market hours on Tuesday, 28 May 2013.

Meanwhile, the S&P BSE Sensex was down 57.19 points or 0.28% at 20,103.63.

On BSE, 62,000 shares were traded in the counter as against average daily volume of 80,294 shares in the past one quarter.

The stock hit a high of Rs 260.90 and a low of Rs 247.65 so far during the day. The stock had hit a record high of Rs 301 on 10 December 2012. The stock had hit a record low of Rs 88 on 16 August 2012.

The stock had outperformed the market over the past one month till 28 May 2013, surging 13.16% compared with the Sensex's 4.53% rise. The scrip had also outperformed the market in past one quarter, jumping 29.07% as against Sensex's 6.89% gain.

 

The small-cap company has equity capital of Rs 66.67 crore. Face value per share is Rs 10.

Tribhovandas Bhimji Zaveri (TBZ) said its net profit margin improved to 5.59% in Q4 March 2013 and 5.13% in FY 2013 on account of a strong sales growth, an optimal sales mix of gold and diamond wherein diamond jewellery sales enhanced the margins.

TBZ's net profit surged 48.62% to Rs 85 crore on 19.69% growth in total income to Rs 1658.34 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Mr. Shrikant Zaveri, CMD, TBZ said that the objective of the company's initial public offer (IPO) was to expand in newer markets and the company has fulfilled its first year commitments by opening 11 new stores in this year.

TBZ is into selling gold and diamond studded jewellery through retail outlets. At present, TBZ has 26 showrooms in 20 cities across 7 states including Maharashtra, Gujarat, Madhya Pradesh, Kerala, Andhra Pradesh, Chhattisgarh and West Bengal.

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First Published: May 29 2013 | 11:50 AM IST

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