Mini Diamonds (India) reported net loss of Rs 0.08 crore in the quarter ended March 2008 as against net profit of Rs 0.13 crore during the previous quarter ended March 2007. Sales declined 55.54% to Rs 2.61 crore in the quarter ended March 2008 as against Rs 5.87 crore during the previous quarter ended March 2007.

For the full year, net profit declined 40.00% to Rs 0.15 crore in the year ended March 2008 as against Rs 0.25 crore during the previous year ended March 2007. Sales rose 141.70% to Rs 20.81 crore in the year ended March 2008 as against Rs 8.61 crore during the previous year ended March 2007.