trending Market Intelligence /marketintelligence/en/news-insights/trending/qP90ZdaLOYMq2D2dsg18Qw2 content esgSubNav
In This List

Swarnsarita Gems fiscal Q2 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Swarnsarita Gems fiscal Q2 profit falls YOY

Swarnsarita Gems Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 28 Indian paise per share, a decrease of 5.3% from 29 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.7 million rupees, a decrease of 5.8% from 6.1 million rupees in the year-earlier period.

The normalized profit margin dropped to 1.0% from 1.4% in the year-earlier period.

Total revenue rose 38.7% on an annual basis to 589.6 million rupees from 424.9 million rupees, and total operating expenses rose 37.5% year over year to 568.9 million rupees from 413.7 million rupees.

Reported net income decreased 6.5% from the prior-year period to 6.4 million rupees, or 31 paise per share, from 6.9 million rupees, or 33 paise per share.

As of Nov. 14, US$1 was equivalent to 61.73 Indian rupees.