Gitanjali Gems Q4 net profit up 8% at Rs 103 cr

Jewellery maker Gitanjali Gems has reported a growth of 7.85% year-on-year in its consolidated net profit of Rs 103 crore for the fourth quarter of FY12.

Consolidated net sales surged 46.58% to Rs 3,532 crore in the quarter ended March 2012 from Rs 2,409.5 crore in a year ago period.

EBITDA margins improved at 5.5% versus 3.7% during the same period.

Gitanjali Gems has decided to pay a dividend of Rs 3 a share.

Source: www.moneycontrol.com

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DENIP Consultants Pvt Ltd