Suashish Diamonds Ltd has recorded a net profit of Rs. 5.27 crores (Rs. 3.92 crores) for the last quarter ending March 31, 2008, an increase of 34.61%. 
India, Republic of (Press Release) May 2, 2008 --
Mumbai: Suashish Diamonds Ltd has recorded a net profit of Rs. 5.27 crores (Rs. 3.92 crores) for the last quarter ending March 31, 2008, an increase of 34.61%.
Total income for the fifth quarter was Rs. 248.85 crores (Rs. 230.38 crores), an increase of eight per cent. The company has extended the financial year-end by three months from December 31 to March 31. For the fifteen months period ended on March 31, 2008, the company has recorded a net profit of Rs. 82.05 crores. The total income for the period was Rs. 1223.24 crores, while total expenditure for the year was Rs. 1154.75 crores. Profit before tax for the fifteen months period was Rs. 121.14 crores. The earnings per share (diluted) stood at Rs 39.53 (fifteen months) as compared to Rs. 20.86 in the previous year ended December 31, 2006.
Henceforth the Company will follow the financial year ending which starts from 1st April and ends on 31st March every year.
Mr. Ashish Goenka, Managing Director, Suashish Diamonds Ltd. said, “Despite of changes in structural and pricing strategies in the industry, Suashish Diamonds Ltd. will continue to perform better by focusing on operational efficiency”.
About Suashish Diamonds Ltd:
Suashish Diamonds Ltd. is a DTC Sightholder in India and Botswana and is one of India’s leading diamond jewellery manufacturing and exporting groups for the last four decades.
SDL has been ranked 332 amongst India’s top 500 companies based on turnover and 27th rank amongst India’s top 100 wealth creators by ET500 for the year 2007.
Suashish is vertically integrated from rough diamond cutting to finished jewellery products to having its own jewellery retail brand ‘Ishi’s’. The first to introduce laser-cutting technology to process rough diamonds, SDL today has the most advanced manufacturing processes and systems in the world, including the world’s largest conglomeration having a record number of 60 laser-cutting machines under one roof.
www.suashish.com
Total income for the fifth quarter was Rs. 248.85 crores (Rs. 230.38 crores), an increase of eight per cent. The company has extended the financial year-end by three months from December 31 to March 31. For the fifteen months period ended on March 31, 2008, the company has recorded a net profit of Rs. 82.05 crores. The total income for the period was Rs. 1223.24 crores, while total expenditure for the year was Rs. 1154.75 crores. Profit before tax for the fifteen months period was Rs. 121.14 crores. The earnings per share (diluted) stood at Rs 39.53 (fifteen months) as compared to Rs. 20.86 in the previous year ended December 31, 2006.
Henceforth the Company will follow the financial year ending which starts from 1st April and ends on 31st March every year.
Mr. Ashish Goenka, Managing Director, Suashish Diamonds Ltd. said, “Despite of changes in structural and pricing strategies in the industry, Suashish Diamonds Ltd. will continue to perform better by focusing on operational efficiency”.
About Suashish Diamonds Ltd:
Suashish Diamonds Ltd. is a DTC Sightholder in India and Botswana and is one of India’s leading diamond jewellery manufacturing and exporting groups for the last four decades.
SDL has been ranked 332 amongst India’s top 500 companies based on turnover and 27th rank amongst India’s top 100 wealth creators by ET500 for the year 2007.
Suashish is vertically integrated from rough diamond cutting to finished jewellery products to having its own jewellery retail brand ‘Ishi’s’. The first to introduce laser-cutting technology to process rough diamonds, SDL today has the most advanced manufacturing processes and systems in the world, including the world’s largest conglomeration having a record number of 60 laser-cutting machines under one roof.
www.suashish.com
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