Gitanjali Gems Ltd. announced unaudited consolidated and standalone earnings results for first quarter ended June 30, 2017. For the quarter, on standalone basis, the company reported net sales /income from operations of INR 42,777.478 million against INR 22,581.659 million in the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 769.005 million compared to INR 646.193 million in the same period last year. Profit from ordinary activities before tax was INR 136.910 million compared to INR 237.097 million in the same period last year. Net profit for the period was INR 166.102 million or INR 1.40 per basic and diluted share before and after extraordinary items against INR 277.681 million or INR 2.64 per basic and diluted share before and after extraordinary items in the same period last year. For the quarter, on consolidated basis, the company reported net sales /income from operations of INR 56,110.671 million against INR 37,104.336 million in the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 1,727.244 million compared to INR 1,225.117 million in the same period last year. Profit from ordinary activities before tax was INR 681.960 million compared to INR 513.278 million in the same period last year. Net profit for the period was INR 694.691 million or INR 5.86 per basic and diluted share before and after extraordinary items against INR 573.176 million or INR 5.46 per basic and diluted share before and after extraordinary items in the same period last year. Net profit attributable to owners of the company was INR 692.187 million against INR 574.002 million a year ago.