Lypsa Gems & Jewellery Limited Announces Consolidated and Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2013
January 30, 2014 at 01:03 pm
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Lypsa Gems & Jewellery Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended Dec. 31, 2013. For the quarter the group reported net sales/income from operations /other operating income of INR 1,271.153 million against INR 816.632 million for the same quarter a year ago. Profit from operations before other income, interest & exceptional items was INR 27.128 million against INR 14.700 million for the same quarter a year ago. Profit from ordinary activities before tax was INR 23.680 million against INR 10.159 million for the same quarter a year ago. Net profit for the period was INR 20.480 million or INR 1.46 per basic and diluted share before extraordinary items against INR 6.103 million or INR 0.43 per basic and diluted share before extraordinary items for the same quarter a year ago.
For the nine months the group reported net sales/income from operations /other operating income of INR 3,818.540 million against INR 2,256.496 million for the same quarter a year ago. Profit from operations before other income, interest & exceptional items was INR 76.769 million against INR 32.168 million for the same quarter a year ago. Profit from ordinary activities before tax was INR 79.148 million against INR 25.585 million for the same quarter a year ago. Net profit for the period was INR 69.348 million or INR 4.94 per basic and diluted share before extraordinary items against INR 16.888 million or INR 1.20 per basic and diluted share before extraordinary items for the same quarter a year ago.
For the quarter the parent company reported net sales/income from operations /other operating income of INR 967.833 million against INR 816.632 million for the same quarter a year ago. Profit from operations before other income, interest & exceptional items was INR 12.375 million against INR 14.700 million for the same quarter a year ago. Profit from ordinary activities before tax was INR 8.927 million against INR 10.159 million for the same quarter a year ago. Net profit for the period was INR 5.727 million or INR 0.41 per basic and diluted share before extraordinary items against INR 6.103 million or INR 0.43 per basic and diluted share before extraordinary items for the same quarter a year ago.
For the nine months the parent company reported net sales/income from operations /other operating income of INR 2,858.876 million against INR 2,256.496 million for the same quarter a year ago. Profit from operations before other income, interest & exceptional items was INR 26.783 million against INR 32.168 million for the same quarter a year ago. Profit from ordinary activities before tax was INR 29.161 million against INR 25.585 million for the same quarter a year ago. Net profit for the period was INR 19.361 million or INR 1.38 per basic and diluted share before extraordinary items against INR 16.888 million or INR 1.20 per basic and diluted share before extraordinary items for the same quarter a year ago.
Lypsa Gems & Jewellery Limited is an India-based diamond company that is engaged in trading and working in diamonds. The Company is engaged in the business of trading, importing, exporting, making and polishing diamonds, gems and other precious stones. The Company has three activities, including rough preparation, manufacturing, and polished diamond marketing. The Company is a rough preparer and distributor, catering to small and mid-level diamond manufacturers based in Mumbai and Gujarat. The Company's sourcing of rough diamonds takes place through Antwerp, Dubai and Moscow. The goods that the Company deals in are four grainers and include sawables/makeable/color brown/natts/flat fancy/cleavage. The Company's manufacturing facilities are located at Navsari and Surat Special Economic Zone (SurSez), Surat. The Company's subsidiary is Lypsa Gems & Jewellery DMCC.
Lypsa Gems & Jewellery Limited Announces Consolidated and Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2013