CRISIL Research gives Thangamayil Jewellery fundamental rating of 2/5

Thangamayil Jewellery has been given the fundamental grading of 2/5 by CRISIL Research in its January 24, 2012 report. The company was noted to have its revenues according to CRISIL Research’s expectations and operating profitability surpassing expectations.

Its revenues in the quarter ending December 30, 2011 stood at Rs 309.27 crore (Rs 171.62 crore in the corresponding quarter of 2010).Also, its net profits stood at Rs 17.10 crore (Rs 8.38 crore in the corresponding quarter of 2010).