Asian Star Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 29, 2021 at 07:51 am
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Asian Star Company Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 11,527.86 million compared to INR 4,961.37 million a year ago. Revenue was INR 11,594.5 million compared to INR 4,978.85 million a year ago. Net income was INR 295.79 million compared to INR 144.09 million a year ago. Basic earnings per share from continuing operations was INR 18.35 compared to INR 9 a year ago. Diluted earnings per share from continuing operations was INR 18.35 compared to INR 9 a year ago.
For the six months, sales was INR 20,115.46 million compared to INR 6,531.8 million a year ago. Revenue was INR 20,243.78 million compared to INR 6,615.65 million a year ago. Net income was INR 501.52 million compared to INR 146.81 million a year ago. Basic earnings per share from continuing operations was INR 31.33 compared to INR 9.17 a year ago. Diluted earnings per share from continuing operations was INR 31.33 compared to INR 9.17 a year ago.
Asian Star Company Limited is an India-based diamantaires company. The Company is engaged in the business of diamond cutting and polishing, jewellery manufacturing and retailing. The Company's segments include Diamonds, Jewellery and Others. Its vertically integrated operations span the entire value chain from rough sourcing to diamond cutting and polishing, jewellery manufacturing to distribution and retailing. The Others segment comprises wind energy generation. Its product range includes generic diamonds, certified diamonds, mine-origin program diamonds, and special-cut diamonds. It caters to a customer base from jewellery manufacturers to retail chains including e-commerce businesses across diamond trading and consuming centers in Asia, Europe, United States of America, Middle East, Australia and South Africa. It has three in-house manufacturing facilities for jewellery: two located at SEEPZ and MIDC in Mumbai, Maharashtra, and one at Hosur in Tamil Nadu.