TBZ Reports 50% Surge in Q1 Net Profit

Tribhovandas Bhimji Zaveri Ltd (TBZ), a Mumbai-based jewellery firm, reported a notable increase of 50% in its consolidated net profit, reaching Rs 17.04 crore in the first quarter of the current fiscal year, compared to Rs 11.36 crore in the same period last year. Total income also rose to Rs 597.23 crore.

Tribhovandas Bhimji Zaveri Ltd (TBZ), the prominent Mumbai-based jewellery company, announced a substantial 50% rise in its consolidated net profit for the first quarter of this fiscal year. The profit surged to Rs 17.04 crore, up from Rs 11.36 crore during the same period last year.

According to a regulatory filing, the total income for the April-June period of this fiscal climbed to Rs 597.23 crore, compared to Rs 571.81 crore in the corresponding period the previous year.

This growth in net profit and revenue highlights TBZ's strong performance and market position in the jewellery sector.

(With inputs from agencies.)