Gitanjali Gems Ltd. announced unaudited consolidated and standalone earnings results for fourth quarter and audited consolidated and standalone earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company reported net sales /income from operations of INR 39,925.381 million against INR 35,993.873 million in the same period last year. Profit from operations before other income and exceptional items was INR 1,044.319 million compared to INR 1,312.321 million in the same period last year. Loss from ordinary activities before tax was INR 111.885 million compared to INR 22.053 million in the same period last year. Net loss for the period was INR 154.029 million or INR 1.34 per basic and diluted share before and after extraordinary items against INR 32.572 million or INR 0.32 per basic and diluted share before and after extraordinary items in the same period last year. For the year, on standalone basis, the company reported net sales /income from operations of INR 104,647.660 million against INR 107,507.231 million in the same period last year. Profit from operations before other income and exceptional items was INR 3,703.257 million compared to INR 4,385.165 million in the same period last year. Profit from ordinary activities before tax was INR 391.603 million compared to INR 398.649 million in the same period last year. Net profit for the period was INR 397.218 million or INR 3.46 per basic and diluted share before and after extraordinary items against INR 448.567 million or INR 4.46 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 55,446.439 million against INR 42,827.321 million in the same period last year. Profit from operations before other income and exceptional items was INR 829.105 million compared to INR 1,542.892 million in the same period last year. Profit from ordinary activities before tax was INR 83.030 million compared to loss from ordinary activities before tax of INR 124.870 million in the same period last year. Net profit for the period was INR 56.186 million or INR 0.45 per basic and diluted share before and after extraordinary items against net loss for the period of INR 101.007 million or INR 2.31 per diluted share before and after extraordinary items in the same period last year. For the year, on consolidated basis, the company reported net sales /income from operations of INR 165,728.662 million against INR 139,844.937 million in the same period last year. Profit from operations before other income and exceptional items was INR 5,964.701 million compared to INR 6,529.719 million in the same period last year. Profit from ordinary activities before tax was INR 1,614.009 million compared to INR 978.214 million in the same period last year. Net profit for the period was INR 1,668.336 million or INR 14.62 per basic and diluted share before and after extraordinary items against INR 1,055.989 million or INR 10.32 per diluted share before and after extraordinary items in the same period last year.