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Gitanjali Gems reports 15.52% rise in Q4 consolidated net profit

29 May 2013 Evaluate

Gitanjali Gems reported results for the fourth quarter and year ended March 31, 2013.

The company has reported a fall of 1.94% in its net profit at Rs 44.37  crore in Q4FY13 as compared to net profit of Rs 45.25 crore in the same quarter previous year. However, Total income from operation of the company has increased by 67.53% to Rs 3656.21 crore as compared to Rs 2182.47 crore in corresponding quarter last year.

On consolidated basis, The company has reported a rise of 15.52% in its net profit after taxes, Minority Interest and share of Profit / (Loss) of Associates at Rs 118.88  crore in Q4FY13 as compared to net profit of Rs 102.91  crore in the same quarter previous year. Total income from operation of the company has increased by 34.50% to Rs 4750.53 crore as compared to Rs 3532.04 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 2.64% rise in its net profit at Rs 265.16 crore in FY13 as against Rs 258.33 crore in previous years. Total income from operation of the company has increased to Rs 10380.66 crore as compared to Rs 7755.47 crore in FY12, up by 33.85%.

On consolidated basis, for the full year ended March 31, 2013, the company has posted a 21.43% rise in its net profit after taxes, Minority Interest and share of Profit / (Loss) of Associates at Rs 591.69  crore under year under review as compared to Rs 487.25 crore in FY12. Total income has increased by 31.37% at Rs 16418.49 crore for year under review as compared to Rs 12498.27 crore for the period ended March 31, 2012.

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