Advanced Search

Shantivijay Jewels' 4Q Sales +15%

May 11, 2012 6:36 AM   By Dilipp S Nag
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Shantivijay Jewels Ltd. reported that group sales rose 15 percent year on year to $3 million (INR 163.4 million) during its fourth fiscal-quarter that ended on March 31, 2012. The company didn’t note specific reasons for the sales increase.

The Mumbai-based jewelry maker posted a profit of $149,442 (INR 8.04 million)  compared with a net loss of $13,123 (INR 706,000) a year earlier.

Total expenditures rose 5 percent to $2.8 million (INR 151.1 million) during the quarter, Shantivijay stated.

For the company's fiscal year, net profit rose 42 percent year on year to $549,498 (INR 29.6 million) while sales were little changed at $13.4 million (INR 721.8 million).

Shantivijay’s major export markets are the U.S., Europe and the Middle East with a product range comprised of bangles, bracelets, earrings, necklaces, pendants and rings in gold and platinum.

*Note: All data was published in rupee. Any references to U.S. dollar amounts were made according to exchange rate conversions by Rapaport News.
Tags: Dilipp S Nag, India, Jewelry, Rapaport, Shantivijay Jewels
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.