For 6 months ended Sept 30, 2012, the company achieved Net Sales of Rs. 7,313 cr vs. Rs. 5,548 cr in the corresponding period last year, registering a growth of 32%. The company’s net profit increased to Rs.301 cr, as against Rs. 256 cr, achieving a growth of 18% on a YoY basis.
Consequently, EBIT for H1FY’13 was Rs. 532 cr, a growth of 24% over H1’FY12 .
Earnings per Share (Diluted) for H1FY’13 stood at Rs. 33 as compared to Rs. 27 for the corresponding period last year, achieving a growth of 26%.
Commenting on the performance, Mr. Mehul Choksi, Chairman and Managing Director, Gitanjali Gems Ltd. said, “Stable gold prices have driven volumes during the quarter in India. With the upcoming Diwali and marriage seasons we are expecting better sales.” Mr. Choksi further added, “We have also been working on re‐aligning our business to unlock value for stakeholders.”