Thangamayil Jewellery shares slump 10% after Q1 profit falls 41%

Thangamayil Jewellery shares hit a 10% lower circuit for the second consecutive day.

The firm reported a sequential net profit decline of 41% to Rs 85 crore for Q1.

Revenue from operations fell 6% year-over-year to Rs 2,662 crore.

The sharp drop in profit and revenue triggered the second day of circuit limits.