Lypsa Gems

Lypsa Gems during Q4FY17 approved issue of bonus shares in the ratio of 2:5, subject to approval of shareholders in the forthcoming annual general meeting/extra ordinary general meeting.

The company has posted a whopping 700% (YoY) jump in net profit for Q4FY17 at Rs.7 crore. But sequentially, it is up 8% on a 14% (QoQ) rise in total income at Rs.80 crore. EBITDA came in at Rs.9 crore, up 17.5% and margins rose 33 bps to 10.8%.

It ended FY17 with a net profit at Rs.261 crore, almost half of FY16 net profit of Rs.477 crore.

Equity currently stands at Rs.21 crore and reserve is at Rs.71 crore.

The company recently tied up with E-commerce arm       of Gitanjali Group, to sell Diamond studded jewellery under “Lypsa Atelier” brand, in the price range of Rs.   7,500-Rs.35,000.