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Gitanjali Gems reports 76% fall in Q1 consolidated net profit

16 Aug 2013 Evaluate

Gitanjali Gems has reported results for first quarter ended June 30, 2013.

The company has reported 92.29% fall in its net profit at Rs 5.94 crore for the quarter as compared to Rs 77.05 crore for the same quarter in the previous year. However, total income of the company has increased by 24.64% at Rs 2565.64 crore for quarter under review as compared to Rs 2058.36 crore for the quarter ended June 30, 2012.

On the consolidated basis, the company has reported 76.42% fall in its net profit after taxes, minority interest and share of profit/(loss) of associates of Rs 35.13 crore for the quarter as compared Rs 148.98 crore for the same quarter in the previous year.  However, total income the company has increased by 14.88% at Rs 3953.04 crore for quarter under review as compared to Rs 3440.92 crore for the quarter ended June 30, 2012.

 

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