Jewellery maker Gitanjali Gems Q2 net up 31.06 pc

New Delhi, Oct 27: Jewellery maker Gitanjali Gems on Monday, Oct 27 said it has registered 31.06 per cent increase in net profit at Rs 35.19 crore for the second quarter ended September 30 against Rs 26.85 crore for the same period previous fiscal.

The net income jumped 21.72 per cent to Rs 728.26 crore for July-September quarter FY09 from Rs 598.27 crore in the corresponding period a year ago, company said in a statement. Meanwhile, Gitanjali Gems said it has increased its stake in Gitanjali Exports Corporation Ltd (GECL) by increasing its stake from 51 per cent to 100 per cent. GECL is engaged in the manufacturing and exports of diamonds and diamond studded jewellery.

UNI