Financial Daily from THE HINDU group of publications
Saturday, May 14, 2005
Financial Daily from THE HINDU group of publications Saturday, May 14, 2005 |
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Corporate Results
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Gems & Jewellery Su-Raj Diamonds net up 14 pc Our Bureau
MUMBAI: Su-Raj Diamonds and Jewellery, one of the leading players in Indian gem and jewellery industry, has announced a 34-per cent growth in net income at Rs 267.18 crore for the quarter ended March 2005. Net profit rose 14 per cent to Rs 8.22 crore (Rs 7.19 crore). Driving the growth in sales was the revenues from jewellery division, which rose 114 per cent to Rs 137.01 crore (Rs 64.04 crore). Explaining the growth strategy, Mr Jatin R. Mehta, Chairman and Managing Director, Su-Raj Diamonds & Jewellery Ltd, said: "Our focus on jewellery exports are paying off, we have already touched Rs 482 crore in jewellery exports during FY05 and plan to maintain a healthy growth rate in the coming years as we penetrate globally in the jewellery segment."
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