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Gitanjali Gems reports 75% fall in Q2 consolidated net profit

15 Nov 2013 Evaluate

Gitanjali Gems has reported results for the second quarter ended September 30, 2013.

The company has reported 94.83% fall in its net profit at Rs 4.05 crore for the quarter as compared to Rs 78.33 crore for the same quarter in the previous year. However, total income of the company has increased by 2.69% at Rs 2324.59 crore for quarter under review as compared to Rs 2263.73 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a fall of 75.06% in net profit after taxes and minority interest and share of profit of associates of Rs 37.82 crore as compared to Rs 151.65 crore in the same quarter previous year. Total income of the group declined by 21.85% to Rs 3092.45 crore for quarter under review as against Rs 3957.22 crore in corresponding quarter previous year.

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