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Gitanjali Gems reports net loss of Rs 34.97 crore in the March 2014 quarter

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Capital Market

Sales decline 68.32% to Rs 1158.30 crore

Net loss of Gitanjali Gems reported to Rs 34.97 crore in the quarter ended March 2014 as against net profit of Rs 44.38 crore during the previous quarter ended March 2013. Sales declined 68.32% to Rs 1158.30 crore in the quarter ended March 2014 as against Rs 3656.21 crore during the previous quarter ended March 2013.

For the full year,net loss reported to Rs 22.65 crore in the year ended March 2014 as against net profit of Rs 265.16 crore during the previous year ended March 2013. Sales declined 29.26% to Rs 7343.03 crore in the year ended March 2014 as against Rs 10380.67 crore during the previous year ended March 2013.

 
ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales1158.303656.21 -68 7343.0310380.67 -29 OPM %6.783.19 -5.404.71 - PBDT-34.2446.01 PL -17.81269.57 PL PBT-35.4343.75 PL -22.57264.69 PL NP-34.9744.38 PL -22.65265.16 PL

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First Published: Jun 02 2014 | 12:31 PM IST

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