TMJL | CS | RESULT Q2 | DT. 04-11-2026

Key Decisions and Approvals

1. Unaudited Financial Results: The Board approved and took on record the Standalone Unaudited Financial Results for the quarter and half-year ended September 30, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and were reviewed by the Audit Committee on November 03, 2026. The results include a Limited Review Report from the statutory auditors, M/s. B. Thiagarajan & Co., Chartered Accountants.

2. Appointment of Directors:

  • Mr. B. Rajesh Kanna (DIN: 01334048): Appointed as an Additional Director in the capacity of Whole-Time Director (Executive Category) for a term of 5 years from November 04, 2026 to November 03, 2031, subject to shareholder approval. Mr. Kanna will continue in his current role as Chief Financial Officer, handling both positions pursuant to relevant sections of the Companies Act, 2013 and SEBI LODR Regulations.
  • Mr. K. Thiagarajan (DIN: 03638370): Appointed as an Additional Director in the capacity of Independent Director (Non-Executive Category) for a term of 5 years from November 04, 2026 to November 03, 2031, subject to shareholder approval.

Both directors confirmed they are not debarred from accessing capital markets or holding director office by SEBI or any other authority.

Financial Results Summary (Standalone, Rs. in Lakhs)

Quarter Ended September 30, 2026 (Q2 FY27)

  • Net Sales/Income from Operations: ₹238,087
  • Total Income: ₹238,764 (Net Sales + Other Operating Income of ₹677)
  • Total Expenses: ₹230,789
  • Profit Before Tax: ₹7,975
  • Total Tax Expense: ₹2,030
  • Profit After Tax: ₹5,945
  • Basic EPS: ₹19.13
  • Diluted EPS: ₹19.13

Half-Year Ended September 30, 2026 (H1 FY27)

  • Net Sales/Income from Operations: ₹504,331
  • Total Income: ₹511,401 (Net Sales + Other Operating Income of ₹7,070)
  • Total Expenses: ₹487,487
  • Profit Before Tax: ₹19,524
  • Total Tax Expense: ₹5,070
  • Profit After Tax: ₹14,455
  • Basic EPS: ₹46.51
  • Diluted EPS: ₹46.51

Comparative Figures (H1 FY26)

  • Net Sales/Income from Operations: ₹325,992
  • Profit After Tax: ₹10,379
  • Basic EPS: ₹33.53

Balance Sheet Highlights (as of September 30, 2026, Unaudited)

  • Total Assets: ₹4,60,249 Lakhs
  • Current Assets: ₹4,25,621 Lakhs (primarily Inventories: ₹3,69,776 Lakhs)
  • Non-Current Assets: ₹34,629 Lakhs
  • Equity: ₹1,50,503 Lakhs
  • Equity Share Capital: ₹3,108 Lakhs
  • Other Equity: ₹1,47,394 Lakhs
  • Total Liabilities: ₹3,09,746 Lakhs
  • Current Liabilities: ₹2,97,372 Lakhs (primarily Borrowings: ₹1,36,598 Lakhs)
  • Non-Current Liabilities: ₹11,874 Lakhs

Cash Flow Statement (Six months ended September 30, 2026)

  • Net Cash Used in Operating Activities: (₹54,204)
  • Net Cash Used in Investing Activities: (₹6,154)
  • Net Cash from Financing Activities: ₹56,949
  • Net Decrease in Cash and Cash Equivalents: (₹3,409)
  • Cash and Cash Equivalents at period end: ₹9,009

Performance Highlights and Operational Metrics

Half-Year (H1) YoY Comparison (6 Months)

  • Total Sales: ₹5,043 Crs (vs. ₹3,260 Crs in H1 FY26) - 55% growth
  • Retail Sales: ₹4,820 Crs (vs. ₹3,141 Crs) - 53% growth
  • Reported Gross Profit: ₹468 Crs (vs. ₹351 Crs) - 33% growth
  • Gross Profit Margin: 9.71% (vs. 11.17%)
  • Profit After Tax: ₹144 Crs (vs. ₹104 Crs) - 38% growth
  • Volume Gold Ornament: 3,120 Kgs (vs. 2,999 Kgs) - 4% growth
  • Volume Silver Products: 9,776 Kgs (vs. 11,740 Kgs) - (17%)
  • Volume Diamonds Products: 10,283 Carat (vs. 8,242 Carat) - 25% growth
  • Inventory Turnover (Annualized): 3.03 times (vs. 2.84 times)
  • Interest Cover: 6.49 times (vs. 6.17 times)

Quarter (Q2) YoY Comparison (3 Months)

  • Total Sales: ₹2,381 Crs (vs. ₹1,705 Crs in Q2 FY26) - 40% growth
  • Retail Sales: ₹2,303 Crs (vs. ₹1,636 Crs) - 41% growth
  • Reported Gross Profit: ₹221 Crs (vs. ₹184 Crs) - 20% growth
  • Gross Profit Margin: 9.60% (vs. 11.25%)
  • Profit After Tax: ₹59 Crs (vs. ₹59 Crs) - Flat

Quarter (Q2) QoQ Comparison (3 Months)

  • Total Sales: ₹2,381 Crs (vs. ₹2,662 Crs in Q1 FY27) - (11%)
  • Retail Sales: ₹2,303 Crs (vs. ₹2,517 Crs) - (9%)
  • Reported Gross Profit: ₹221 Crs (vs. ₹247 Crs) - (11%)
  • Profit After Tax: ₹59 Crs (vs. ₹85 Crs) - (31%)

Other Key Operational Metrics (H1 FY27)

  • Same store sales growth: 35.93% (vs. 10.31% in H1 FY26)
  • Per Sq.ft sales (annualized): ₹6.44 Lakhs (vs. ₹4.82 lakhs)
  • Sales per employee (annualized): ₹2.60 crores (vs. ₹1.85 crores)
  • Expenses as % of sales: 5.62% (vs. 6.65%)
  • Net worth: ₹1,505.03 Crs (vs. ₹1,167.29 Crs)
  • Book value per share: ₹484.21 (vs. ₹375.55)
  • Return on Equity: 19.79% (vs. 18.37%)
  • Average cost of borrowings: 5.27% (vs. 6.08%)

Dividend Information

The company paid a dividend of ₹18.00 per equity share (180%) for FY26, approved by shareholders on July 29, 2026. A total of ₹55.95 Crs was paid during the quarter ended September 30, 2026.

Additional Information

  • The company operates in a single business segment (retail jewellery).
  • It has a network of 67 retail outlets across Tamil Nadu and over 45 lakh customers.
  • As of November 03, 2026, the company reported overall liquidity of ₹749 Crs.
  • A tax matter for Assessment Year 22-23 is pending disposal, with a favourable noting from the review committee.
  • The financial results are available on the BSE, NSE, and company websites.