Sovereign Diamonds Appoints Sumer Gehani as Non-Executive Director Aug 12, 2025
More news about Sovereign Diamonds
12Aug 25
Sovereign Diamonds Reports Significant Net Loss in Q1 Amid Rising Costs
Sovereign Diamonds Limited, a manufacturer of 18K fine jewellery, reported a net loss of ₹485.28 crore for Q1 ending June 30, compared to a ₹6.45 crore loss in the same period last year. Total income increased to ₹817.81 crore from ₹568.20 crore, and net sales rose to ₹780.44 crore from ₹533.98 crore. However, total expenses surged to ₹1,303.34 crore from ₹570.96 crore, with material costs rising significantly. The company appointed Mr. Sumer Gehani as a Non-Executive Director for a 5-year term.