Sovereign Diamonds net profit rises 8.11% in the March 2014 quarter

Sales rise 58.54% to Rs 14.76 crore

Net profit of Sovereign Diamonds rose 8.11% to Rs 0.40 crore in the quarter ended March 2014 as against Rs 0.37 crore during the previous quarter ended March 2013. Sales rose 58.54% to Rs 14.76 crore in the quarter ended March 2014 as against Rs 9.31 crore during the previous quarter ended March 2013.

For the full year,net profit rose 37.84% to Rs 1.02 crore in the year ended March 2014 as against Rs 0.74 crore during the previous year ended March 2013. Sales rose 17.03% to Rs 40.00 crore in the year ended March 2014 as against Rs 34.18 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales14.769.31 59 40.0034.18 17 OPM %8.3310.20 -9.258.92 - PBDT0.790.68 16 2.011.63 23 PBT0.670.60 12 1.571.20 31 NP0.400.37 8 1.020.74 38

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