TJL posted a bottom-line of LKR 158.3mn for 1Q FY25, up 119% YoY from a loss of LKR 853.0mn previously. Growth was aided by 10% growth in revenue to LKR 15.4bn and curtailed the increase in CoGs to LKR 14bn (+3% YoY), aiding GP and EBIT margin expansion to 8.4% and 2.5% (previous: 2.0%, -4.2% respectively). After four consecutive quarters, TJL achieved topline growth, supported by 24% YoY volume growth, despite a 4% YoY appreciation in the rupee and a decline in ASP.