UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER, 2008

					(Rs. in Lakhs)
Particulars	For Quarter	For Quarter	For Half Year	For Half Year	For the Year
	Ended	Ended	Ended	Ended	Ended
	30.9.2008	30.9.2007	30.09.2008	30.09.2007	31.3.2008
					(Audited)
Net Sales/ Income from operations	53,705	42,809	111,103	82,252	214,043
Other Income	29	36	60	71	177
Total Income (1+2)	53,734	42,845	111,163	82,323	214,220
Expenditure	-	-	-	-	-
a) (Increase)/Decrease in Stock in Trade & Work in Progress	3,548	(5,925)	4,491	(6,679)	(3,862)
b) Consumption of Raw Materials	47,727	45,695	101,297	83,686	205,698
c) Purchase of Traded Materials	0	0	0	0	0
d) Employees cost	80	93	221	163	508
e) Depreciation	199	122	364	227	574
f) Labour Charges	520	732	957	997	2,589
g) Other Expenditure	351	458	703	700	1,512
h) Total	52,425	41,175	108,033	79,094	207,019
Finance Charges (Net)	311	355	509	684	441
Exceptional Items	0	0			0
Profit from Ordinary Activities before Tax (3) - (4+5+6)	998	1,315	2,621	2,545	6,760
Tax Expenses Current Tax, Fringe & Deferred	50	80	160	130	501
Net Profit from Ordinary Activities after Tax (7-8)	948	1,235	2,461	2,415	6,259
Extraordinary Items	0	0	0	0	0
Net Profit for the period (9+10)	948	1,235	2,461	2,415	6,259
Paid-up Equity Share Capital (Face value of Rs.10 per share)	4,370	4,000	4,370	4,000	4,370
Reserves excluding Revaluation Reserve					60,293
Earning Per Share (EPS) before and after Extraordinary Items - (Basic & Diluted) Rs.	2.17	3.08	5.63	6.02	15.41
Public Shareholding
- Number of shares	22,439,560	22,439,560	22,439,560	22,439,560	22,439,560
- Percentage of shareholding	51.18	55.79	51.18	55.79	51.18

Notes:

1) The above Stand-alone Unaudited Financial Results have been reviewed and recommended by the Audit Committee to the Board of Directors and have been approved by the Board at its meeting held on 24th October, 2008.

2) The consolidated turnover, net profit after tax and earnings per share for the Half year ended as on 30/09/2008 are Rs.1,21,864 Lacs, Rs.2,445 Lacs and Rs.5.60 Per Equity Share respectively.

3) Statutory Auditors have carried out the 'Limited Review' of the above financial results.

4) Figures of the previous year have been re-grouped or re-classified wherever necessary.

5) The Status of Investors' Complaints for the quarter ended 30th September, 2008 is as follows:-Opening Balance - NIL; Received - 31; Disposed Off - 31; Closing Balance - NIL.

	For SU-RAJ DIAMONDS AND JEWELLERY LIMITED
Place: Mumbai	G. BHARAKATIA
Date : 24th October, 2008	DIRECTOR

SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 30TH SEPTEMBER, 2008

						(Rs. in Lakhs)
	Particulars	For Quarter	For Quarter	For Half Year	For Half Year	For the Year
		Ended	Ended	Ended	Ended	Ended
		30.9.2008	30.9.2007	30.9.2008	30.9.2007	31.3.2008
						(Audited)
1	Segment Revenues(Net Sales/Income from)
	Diamonds	14,834	7,430	30,845	25,203	62,337
	Jewellery	38,871	35,379	80,258	57,049	151,706
	Others	29	36	60	71	177
		53,734	42,845	111,163	82,323	214,220
	Less: Inter Segment revenue	-	-	-	-	-
	Net Sales/Income from Operations	53,734	42,845	111,163	82,323	214,220
2	Segment Result Profit (+) & Loss (-) before Tax and Interest
	Diamonds	342	277	751	763	1,691
	Jewellery	967	1,393	2,379	2,466	5,510
	Others	-	-	-	-	-
		1,309	1,670	3,130	3,229	7,201
	Less: Unallocable expenses
	Finance Charges (Net)	311	355	509	684	441
	Total profit before tax	998	1,315	2,621	2,545	6,760
3	Capital Employed (Segment Assets - Segment Liabilities)
	Diamonds	63,169	57,576	63,169	57,576	61,418
	Jewellery	23,896	17,890	23,896	17,890	21,826
	Unallocated	10,200	7,880	10,200	7,880	10,200
	Total Capital Employed in Segments	97,265	83,346	97,265	83,346	93,444

For SU-RAJ DIAMONDS AND JEWELLERY LIMITED
Place:Mumbai Date: 24th October, 2008	G. BHARAKATIA Director