Gem Spinners India reported net loss of Rs 0.67 crore in the quarter ended June 2011 as against net profit of Rs 0.10 crore during the previous quarter ended June 2010. Sales declined 30.86% to Rs 16.51 crore in the quarter ended June 2011 as against Rs 23.88 crore during the previous quarter ended June 2010.
| Particulars | Quarter Ended |
| | Jun. 2011 | Jun. 2010 | % Var. |
| Sales | 16.51 | 23.88 | -31 |
| OPM % | -0.36 | 5.32 | -107 |
| PBDT | -0.61 | 0.66 | PL |
| PBT | -0.67 | -0.15 | -347 |
| NP | -0.67 | 0.10 | PL |