Tamil Nadu-based Thangamayil Jewellery Ltd’s second quarter net profit has more than doubled to Rs 22.20 crore.
The Madurai-headquartered company has made a net profit of Rs 8.52 crore in the corresponding quarter last year.
According to company officials, for the quarter ended September 30, 2011, it has registered a growth of 69 per cent in its business.
The jewellery has 13 branches across the state.