Jewellery maker Gitanjali Gems today said its net profit July-September quarter reported a 31.06 per cent increase at Rs 35.19 crore over the corresponding period a year ago.
The company had a net profit of Rs 26.85 crore for the September quarter last fiscal, Gitanjali Gems Ltd informed the Bombay Stock Exchange.
Net income rose to Rs 728.26 crore for the quarter under review, from Rs 598.27 crore for the same quarter a year ago.
While, for the six months ended September 30, it posted a net profit of Rs 68.74 crore against Rs 59.68 crore for the same period last year.
Further, Gitanjali Gems said it has acquired Gitanjali Exports Corporation Ltd (GECL), which is engaged in the manufacturing and exports of diamonds and diamond studded jewellery.
The company acquired GECL by increasing its stake from 51 per cent to 100 per cent, Gitanjali Gems Ltd said in a separate filing to the BSE.
Gitanjali was trading at Rs 91.35, up 3.63 per cent in the early trade on the BSE.