Gitanjali Gems, a manufacturer and retailer of jewellery has reported results for the quarter ended September 30, 2011.
The company has reported a 65.25% rise in net profit at Rs 132.2 crore for the quarter ended September 2011 against Rs 80 crore in the same period a year ago. Total income rose by 26.24% to Rs 3,170 crore as against Rs 2,511 crore in September 2010.
Gitanjali Group's has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, polishing and setting. The company was first to offer diamond studded jewellery at reasonable prices.
