Gitanjali Gems Ltd. announced unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, on standalone basis, the company announced net sales or income from operations of INR 16,397.849 million compared to INR 15,261.636 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 876.744 million compared to INR 1,097.705 million a year ago. Profit from ordinary activities before tax was INR 158.540 million compared to INR 81.045 million a year ago. Net profit was INR 158.014 million or INR 1.52 per basic and diluted share after extraordinary items compared to INR 79.692 million or INR 0.85 per basic and diluted share for before and after extraordinary items a year ago.

For the quarter, on consolidated basis, the company announced net sales or income from operations of INR 28,451.069 million compared to INR 20,728.687 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 1,226.524 million compared to INR 2,225.021 million a year ago. Profit from ordinary activities before tax was INR 238.370 million compared to INR 129.365 million a year ago. Net profit was INR 227.044 million or INR 2.70 per basic and diluted share after extraordinary items compared to INR 107.349 million or INR 1.08 per basic and diluted share for before and after extraordinary items a year ago.