Sales decline 42.83% to Rs 8.65 crore
Net profit of Sovereign Diamonds declined 12.50% to Rs 0.42 crore in the quarter ended March 2017 as against Rs 0.48 crore during the previous quarter ended March 2016. Sales declined 42.83% to Rs 8.65 crore in the quarter ended March 2017 as against Rs 15.13 crore during the previous quarter ended March 2016.For the full year,net profit declined 13.22% to Rs 1.05 crore in the year ended March 2017 as against Rs 1.21 crore during the previous year ended March 2016. Sales declined 15.05% to Rs 45.20 crore in the year ended March 2017 as against Rs 53.21 crore during the previous year ended March 2016.
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