Tara Jewels Limited announced unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the consolidated company reported net sales of INR 3,481.208 million compared with INR 3,850.559 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 279.454 million compared with INR 299.450 million for the same period a year ago. Profit from ordinary activities before tax was INR 110.592 million compared with INR 142.169 million for the same period a year ago. Net profit was INR 74.394 million or INR 3.02 per basic and diluted share before and after extraordinary items compared with INR 105.702 million or INR 4.29 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the six months, the consolidated company reported net sales of INR 6,580.618 million compared with INR 7,052.604 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 536.280 million compared with INR 544.552 million for the same period a year ago. Profit from ordinary activities before tax was INR 209.226 million compared with INR 247.448 million for the same period a year ago. Net profit was INR 146.578 million or INR 5.95 per basic and diluted share before and after extraordinary items compared with INR 175.909 million or INR 7.14 per basic and diluted share before and after extraordinary items for the same period a year ago. EBITDA was INR 650 million against INR 676 million a year ago.

For the quarter, the standalone company reported net sales of INR 3,020.370 million compared with INR 3,370.173 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 218.568 million compared with INR 223.643 million for the same period a year ago. Profit from ordinary activities before tax was INR 70.363 million compared with INR 85.706 million for the same period a year ago. Net profit was INR 43.313 million or INR 1.76 per basic and diluted share before and after extraordinary items compared with INR 56.521 million or INR 2.30 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the six months, the standalone company reported net sales of INR 5,375.717 million compared with INR 6,371.459 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 413.045 million compared with INR 427.161 million for the same period a year ago. Profit from ordinary activities before tax was INR 124.245 million compared with INR 166.822 million for the same period a year ago. Net profit was INR 77.375 million or INR 11.86 per basic and diluted share before and after extraordinary items compared with INR 108.102 million or INR 4.39 per basic and diluted share before and after extraordinary items for the same period a year ago.