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Swarnasarita Gems reports 72% fall in Q3 net profit

27 Feb 2012 Evaluate

Swarnasarita Gems has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 71.97% in its net profit at Rs 0.37 crore for the quarter ended December 31, 2011 as compared to Rs 1.32 crore for the same quarter in the previous year.  However total income has increased by 276.53% at Rs 11.07 crore for the quarter under review as compared to Rs 2.94 crore in the same quarter of 2010.

Swarnasarita Gems is engaged in diamond polishing and manufacture of jewelry. It has its manufacturing unit located at in the special economic zone (SEZ) in Surat, Gujarat. SSGL exports its wide range of diamond jewellery direct to semi wholesalers in various international markets including Hong Kong, Singapore, Middle East etc.

Swarnsarita Jewels Share Price

34.32 -0.45 (-1.29%)
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