Gitanjali Gems Ltd. announced unaudited consolidated and standalone earnings results for fourth quarter and audited consolidated and standalone earnings results for the year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales /income from operations of INR 31,485.300 million against INR 23,437.306 million in the same period last year. Profit from operations before other income and exceptional items was INR 1,611.704 million compared to INR 1,501.776 million in the same period last year. Loss from ordinary activities before tax was INR 75.056 million compared to INR 375.247 million in the same period last year. Net loss for the period was INR 66.172 million or INR 0.66 per basic and diluted share before and after extraordinary items against INR 367.657 million or INR 3.75 per diluted share before and after extraordinary items in the same period last year. For the year, on standalone basis, the company reported net sales /income from operations of INR 86,036.294 million against INR 71,579.284 million in the same period last year. Profit from operations before other income and exceptional items was INR 4,270.306 million compared to INR 4,902.873 million in the same period last year. Profit from ordinary activities before tax was INR 487.628 million compared to INR 188.641 million in the same period last year. Net profit for the period was INR 487.628 million or INR 4.85 per basic and diluted share before and after extraordinary items against INR 188.641 million or INR 1.92 per diluted share before and after extraordinary items in the same period last year. For the quarter, on consolidated basis, the company reported net sales /income from operations of INR 42,827.321 million against INR 34,873.713 million in the same period last year. Profit from operations before other income and exceptional items was INR 1,615.901 million compared to INR 2,598.320 million in the same period last year. Loss from ordinary activities before tax was INR 98.688 million compared to INR 450.177 million in the same period last year. Net loss for the period was INR 80.105 million or INR 2.05 per basic and diluted share before and after extraordinary items against INR 375.834 million or INR 2.96 per diluted share before and after extraordinary items in the same period last year. For the year, on consolidated basis, the company reported net sales /income from operations of INR 139,844.937 million against INR 114,810.616 million in the same period last year. Profit from operations before other income and exceptional items was INR 6,987.573 million compared to INR 9,638.080 million in the same period last year. Loss from ordinary activities before tax was INR 1,411.582 million compared to INR 884.175 million in the same period last year. Net loss for the period was INR 1,351.278 million or INR 13.26 per basic and diluted share before and after extraordinary items against INR 895.816 million or INR 9.73 per diluted share before and after extraordinary items in the same period last year.