trending Market Intelligence /marketintelligence/en/news-insights/trending/Exsyr1i8Kh4malCctc1Q7Q2 content esgSubNav
In This List

Golkunda Diamonds & Jewellery fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Golkunda Diamonds & Jewellery fiscal Q3 profit falls YOY

Golkunda Diamonds & Jewellery Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 79 Indian paise per share, a decrease of 54.1% from 1.71 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.5 million rupees, a decrease of 54.2% from 11.9 million rupees in the prior-year period.

The normalized profit margin declined to 2.9% from 4.4% in the year-earlier period.

Total revenue fell 29.6% year over year to 191.1 million rupees from 271.4 million rupees, and total operating expenses fell 31.5% from the prior-year period to 168.2 million rupees from 245.4 million rupees.

Reported net income fell 54.2% from the prior-year period to 5.9 million rupees, or 85 paise per share, from 12.9 million rupees, or 1.85 rupees per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.