Gitanjali Gems Ltd. announced unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on standalone basis, the company announced net sales or income from operations of INR 17,276.698 million compared to INR 16,397.849 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 650.493 million compared to INR 829.843 million a year ago. Profit from ordinary activities before tax was INR 187.038 million compared to INR 122.193 million a year ago. Net profit for the period was INR 222.419 million or INR 2.12 per basic and diluted share after extraordinary items compared to INR 135.115 million or INR 1.30 per diluted share for before and after extraordinary items a year ago. For the quarter, on consolidated basis, the company announced net sales or income from operations of INR 37,104.336 million compared to INR 28,451.069 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 1,225.117 million compared to INR 1,102.894 million a year ago. Profit from ordinary activities before tax was INR 513.278 million compared to INR 115.722 million a year ago. Net profit for the period was INR 573.176 million or INR 5.46 per basic and diluted share after extraordinary items compared to INR 144.078 million or INR 1.92 per diluted share for before and after extraordinary items a year ago.