Gitanjali Gems reports net sales of Rs3,167.6 crore

During the September 2011 quarter, Gitanjali Gems registered net profit of Rs132.2 crore

Gitanjali Gems Ltd reported net sales of Rs3167.6 crore for the quarter ended September 30, 2011, compared to Rs2509.7 crore in corresponding quarter of last fiscal year, registered a growth of 26.2%.

During the September 2011 quarter, the group registered net profit of Rs132.2 crore compared to Rs80 crore posted in the same quarter of last fiscal year. Earnings per share stood at Rs15.5 per share compared to Rs9.5 per share in the corresponding quarter of last fiscal year.

The EBITDA margin for the quarter was at 7% against 6.4% in the corresponding quarter of last fiscal year, registered a growth of 37.8%.

In the late afternoon, Gitanjali Gems was trading at around Rs349.95 per share on the Bombay Stock Exchange, 0.14% down from the previous close.

User

Lanco Infratech registers net loss of Rs259 crore in Q2FY12

Lanco Infratech consolidated net operating income declined 7% to Rs1,896.60 crore in September 2011 quarter

Lanco Infratech reported net loss of Rs259.48 crore in the second quarter ended 30 September 2011 against net profit of Rs70.46 crore in the corresponding quarter last year. The company’s consolidated net operating income declined 7% to Rs1,896.60 crore in September 2011 quarter, while its gross sales zoomed 28% to Rs3,270.72 crore primarily on account of impressive sales. At the operating level, Lanco earned operating profit margin of 23.8%, up by 330 bps on fall in power costs. Thus the operating profit grew by 8% to Rs450.90 crore.
In the September quarter, the company synchronised unit-II (1x600MW) of Anrapa ‘C’ in Uttar Pradesh.

In the late afternoon, Lanco Infratech was trading at around Rs12.90 per share on the Bombay Stock Exchange, 12.54% down from the previous close.

User

Google discloses 10 search algorithm changes

Google revealed 10 algorithm changes it made to its search engine this fall as it seeks to be more transparent at a time when the Federal Trade Commission is looking into its search business

Read Article...

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)