Thangamayil Jewellery Madurai profits jumps up 69 percent

As on date, the price of Gold has increased tremendously. In a day Rs.736 has increased for a sovereign.

Tamil Nadu-based Thangamayil Jewellery Ltd’s second quarter net profit has more than doubled to Rs 22.20 crore.

The Madurai-headquartered company has made a net profit of Rs 8.52 crore in the corresponding quarter last year.

According to company officials, for the quarter ended September 30, 2011, it has registered a growth of 69 per cent in its business.

The jewellery has 13 branches across the state.

Madurai, Rajapalayam, Dindigul, Karaikudi, Ramanathapuram, Theni, Sivakasi, Tuticorin, Salem, Thenkasi.