Suashish Diamonds Ltd. has released its financial results for the quarter ending March 31st 2008. The company earned a net profit of Rs. 5.27 crores (Rs. 3.92 crores), converting into an increase of 34.61%. The company has extended the financial year-end by three months from December 31 to March 31. %% Due to this, Suashish calculated a total income of Rs. 248.85 crores (Rs. 230.38 crores), an increase of 8 percent in the fifth quarter. For the fifteen months period ended on March 31, 2008, the company has recorded a net profit of Rs. 82.05 crores. The total income for the period was Rs. 1223.24 crores, while total expenditure for the year was Rs. 1154.75 crores. Mr. Ashish Goenka, Managing Director, Suashish Diamonds Ltd. said, “Despite of changes in structural and pricing strategies in the industry, Suashish Diamonds Ltd. will continue to perform better by focusing on operational efficiency”. %% Profit before tax for the fifteen months period was Rs. 121.14 crores. The earnings per share (diluted) stood at Rs 39.53 (fifteen months) as compared to Rs. 20.86 in the previous year ended December 31, 2006. %% Although the company increased its financial year term by three months the last year, henceforth it will revert back the financial year starting from 1st April and ending on 31st March of every year.