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May 07, 2015 5:15 AM ET

Specialty Retail

Company Overview of Vaishnavi Gold Ltd.

Company Overview

Vaishnavi Gold Limited engages in the retail of precious metal jewellery in India. It operates a jewellery show room in Kukatpally, Hyderabad. The company was formerly known as Master Multi-Tech Limited and changed its name to Vaishnavi Gold Limited in September 2010. Vaishnavi Gold Limited is based in Hyderabad, India.

Flat No 1-206 Divya Sakthi Complex

Green Lands Ameerpet

Hyderabad,  500016

India

Phone:

91 40 6454 8800

Fax:

91 40 2373 7159

Key Executives for Vaishnavi Gold Ltd.

Vaishnavi Gold Ltd. does not have any Key Executives recorded.

Vaishnavi Gold Ltd. Key Developments

Vaishnavi Gold Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Vaishnavi Gold Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations of INR 9.462 million compared to INR 336.377 million a year ago. Total income was INR 9.676 million compared to INR 336.909 million a year ago. Profit from operations before other income, interest and exceptional items was INR 0.055 million compared to INR 0.994 million a year ago. Profit from ordinary activities before tax was INR 0.055 million compared to INR 0.994 million a year ago. Net profit for the period was INR 0.055 million compared to INR 0.933 million a year ago. For the year, the company reported net sales/income from operations of INR 9.462 million compared to INR 1,066.371 million a year ago. Total income was INR 10.104 million compared to INR 1,072.989 million a year ago. Profit from operations before other income, interest and exceptional items was INR 0.123 million compared to INR 0.306 million a year ago. Profit from ordinary activities before tax was INR 0.123 million compared to INR 0.306 million a year ago. Net profit for the period was INR 0.123 million compared to INR 0.245 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 0.01 compared to INR 0.01 a year ago.

Vaishnavi Gold Ltd., Board Meeting, Feb 14, 2015

Vaishnavi Gold Ltd., Board Meeting, Feb 14, 2015. Agenda: To consider quarterly results.

Vaishnavi Gold Ltd. Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Vaishnavi Gold Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported net sales/income from operations was nil against INR 360.663 million a year ago. Profit from operations before other income, interest and exceptional items was INR 0.068 million against loss from operations before other income, interest and exceptional items of INR 1.033 million a year ago. Profit from ordinary activities before tax was INR 0.068 million against loss from ordinary activities before tax of INR 1.033 million for the same period a year ago. Net profit was INR 0.068 million or nil basic and diluted earnings per share against net loss of INR 0.422 million or INR 0.02 basic and diluted loss per share a year ago. For the six months, the company reported net sales/income from operations was INR 271.137 against INR 729.993 million a year ago. Profit from operations before other income, interest and exceptional items was INR 0.083 million against loss from operations before other income, interest and exceptional items of INR 0.688 million a year ago. Profit from ordinary activities before tax was INR 0.083 million against loss from ordinary activities before tax of INR 0.688 million for the same period a year ago. Net profit was INR 0.078 million or nil basic and diluted earnings per share against net loss of INR 0.688 million or INR 0.03 basic and diluted loss per share a year ago.

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