Gitanjali Gems Ltd. announced unaudited consolidated and standalone earnings results for third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis the company reported net sales /income from operations of INR 33,996.827 million against INR 344,497.127 million in the same period last year. Profit from operations before other income and exceptional items was INR 1,996.6 million compared to INR 2,111.528 million in the same period last year. Profit from ordinary activities before tax was INR 855.999 million compared to INR 961.870 million in the same period last year. Net profit for the period was INR 791.182 million or INR 8.40 per basic and diluted share before and after extraordinary items against INR 970.167 million or INR 9.93 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 97,017.616 million compared to INR 79,936.903 million in the same period last year. Profit from operations before other income and exceptional items was INR 5,371.672 million compared to INR 7,039.760 million in the same period last year. Profit from ordinary activities before tax was INR 1,510.27 million compared to INR 1,334.352 million in the same period last year. Net profit for the period was INR 1,431.383 million or INR 15.47 per basic and diluted share before and after extraordinary items compared to INR 1,271.650 million or INR 12.88 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 20,930.075 million against INR 17,523.078 million in the same period last year. Profit from operations before other income and exceptional items was INR 995.144 million compared to INR 885.109 million in the same period last year. Profit from ordinary activities before tax was INR 206.527 million compared to INR 395.850 million in the same period last year. Net profit for the period was INR 205.951 million or INR 2.07 per basic and diluted share before and after extraordinary items against INR 394.324 million or INR 4.08 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 54,550.994 million compared to INR 48,141.978 million in the same period last year. Profit from operations before other income and exceptional items was INR 2,658.602 million compared to INR 3,401.097 million in the same period last year. Profit from ordinary activities before tax was INR 555.502 million compared to INR 560.650 million in the same period last year. Net profit for the period was INR 553.8 million or INR 5.57 per basic and diluted share before and after extraordinary items compared to INR 556.298 million or INR 5.75 per basic and diluted share before and after extraordinary items in the same period last year.