Gitanjali Gems has reported results for second quarter ended September 30, 2014.
The company has posted two fold jump in its net profit at Rs 8.23 crore for the quarter ended September 30, 2014 as compared to Rs 4.06 crore for the same quarter in the previous year. However, total income has decreased by 34.42% at Rs 1524.40 crore for quarter under review as compared to Rs 2324.59 crore for the quarter ended September 30, 2013.
On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review registered 51.51% fall at Rs 18.34 crore against Rs 37.82 crore in the September quarter of previous fiscal. The company’s total income has decreased by 20.94% at Rs 2444.86 crore for the quarter from Rs 3092.46 crore in the similar quarter of previous year.
