Moneycontrol PRO
HomeNewsBusinessEarningsTBZ Q3 PAT surges 89% to Rs 6.14 crore

TBZ Q3 PAT surges 89% to Rs 6.14 crore

Tribhovandas Bhimji Zaveri (TBZ) today reported a 89 per cent surge in profit after tax (PAT) at Rs 6.14 crore in the third quarter ended December 31 as compared to the same period of last year.

February 08, 2017 / 17:34 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Tribhovandas Bhimji Zaveri (TBZ) today reported a 89 percent surge in profit after tax (PAT) at Rs 6.14 crore in the third quarter ended December 31 as compared to the same period of last year.

    The jewellery retailer's PAT stood at Rs 3.25 crore in the corresponding quarter of previous year.

    The total income from operations during Q3 of FY17 grew 9.55 percent to Rs 542.99 crore from Rs 495.66 crore a year ago, the company said in a release here.

    "We had a very encouraging start to the quarter and witnessed robust sales in October. The withdrawal of high denomination banking notes impacted the jewellery sales in November, but the situation gradually normalised in December.

    "Despite the operating challenges, we achieved an overall sales growth during the quarter driven by better festive demand. We continue to maintain a strict control on our operating overheads, which helped us achieve an improved profitability during the quarter," TBZ Chairman and Managing Director Shrikant Zaveri said.

    He said going forward the company is optimistic of gradual re-bound in discretionary demand backed by an extended wedding season.

    "We will continue with our efforts to expand our retail presence in an asset-light manner," he added.

    The company has 31 stores spread across 24 cities in 11 states.

    first published: Feb 8, 2017 05:18 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347