Gitanjali Gems Ltd. announced unaudited consolidated and standalone earnings results for third quarter and nine months ended December 31, 2016. For the quarter on consolidated basis, the company reported net sales /income from operations of INR 33,529.661 million against INR 33,996.827 million in the same period last year. Profit from operations before other income, finance cost and exceptional items was INR 2,078.918 million compared to INR 2,134.170 million in the same period last year. Profit from ordinary activities before tax was INR 567.329 million compared to INR 732.962 million in the same period last year. Net profit for the period was INR 586,772 million or INR 5.08 per basic and diluted share before and after extraordinary items against INR 707.605 million or INR 7.58 per basic and diluted share before and after extraordinary items in the same period last year. For the nine months on consolidated, basis the company reported net sales /income from operations of INR 110,282.223 million compared to INR 97,017.616 million in the same period last year. Profit from operations before other income, finance cost and exceptional items was INR 5,138.596 million compared to INR 4,986.827 million in the same period last year. Profit from ordinary activities before tax was INR 1,530.979 million compared to INR 1,103.084 million in the same period last year. Net profit for the period was INR 1,612.151 million or INR 14.33 per basic and diluted share before and after extraordinary items compared to INR 1,156.996 million or INR 12.76 per basic and diluted share before and after extraordinary items in the same period last year. For the quarter, on standalone basis the company reported net sales /income from operations of INR 19,250.832 million against INR 26,411.204 million in the same period last year. Profit from operations before other income, finance cost and exceptional items was INR 519.650 million compared to INR 1,077.334 million in the same period last year. Profit from ordinary activities before tax was INR 28.046 million compared to INR 168.372 million in the same period last year. Net profit for the period was INR 50.040 million or INR 0.44 per basic and diluted share before and after extraordinary items against INR 184.685 million or INR 1.86 per diluted share before and after extraordinary items in the same period last year. For the nine months, on standalone basis the company reported net sales /income from operations of INR 64,722.279 million compared to INR 71,513.358 million in the same period last year. Profit from operations before other income, finance cost and exceptional items was INR 2,658.939 million compared to INR 3,072.544 million in the same period last year. Profit from ordinary activities before tax was INR 503.489 million compared to INR 420.702 million in the same period last year. Net profit for the period was INR 551.248 million or INR 4.86 per basic and diluted share before and after extraordinary items compared to INR 481.139 million or INR 4.84 per basic and diluted share before and after extraordinary items in the same period last year.