Rajesh Export – quarterly result overview
Below is my view on Rajesh Export share – No recommendation to buy or sell, i have stock of Rajesh Export bought around 400
Financial Performance
- Revenue:
- Net Sales/Income from Operations: ₹669,236.68 million, up from ₹603,554.98 million in the previous quarter.
- Other Income: ₹21.66 million, slightly higher than ₹21.08 million in the previous quarter.
- Expenses:
- Cost of Materials Consumed: ₹668,312.03 million, a slight increase from ₹602,662.73 million.
- Employee Benefits Expense: ₹40.74 million, down from ₹43.15 million.
- Finance Costs: ₹32.35 million, up from ₹30.13 million.
- Profit:
- Profit Before Tax: ₹543.69 million, a significant increase from ₹173.90 million in the previous quarter.
- Net Profit After Tax: ₹455.61 million, up from ₹118.58 million.
Balance Sheet Highlights
- Assets:
- Non-Current Assets: ₹35,104.17 million.
- Current Assets: ₹196,430.85 million, with significant components being inventories and trade receivables.
- Liabilities:
- Non-Current Liabilities: ₹13,068.90 million.
- Current Liabilities: ₹74,859.61 million, primarily consisting of borrowings and trade payables.
Cash Flow
- Operating Activities:
- Net cash generated from operating activities: ₹980.35 million.
- Investing Activities:
- Net cash used in investing activities: ₹902.36 million.
- Financing Activities:
- Net cash used in financing activities: ₹186.65 million.
Additional Notes
- The company has a strong order book position of ₹643,782 million as of September 30, 2024.
- The financial results were reviewed and approved by the Board of Directors on November 14, 2024.
Overall, Rajesh Exports Limited has shown a robust performance this quarter with significant increases in revenue and profit, despite slight increases in costs. The company’s strong order book position also indicates a positive outlook for the future.
Author’s View : This is third class stock and posted bad results i think this can go below 100 rupee, i wanted to sell this scrap stock but could not do hoping it will go up , but it kept on making new records of going down , i think it is worst stock and can go below 50 rupee .
For Q2 2024 (ending September 30), Rajesh Exports reported net sales of ₹669,236.68 million, marking a significant year-over-year increase from ₹380,659.05 million in Q2 2023. Despite increased costs in materials, the company achieved a profit before tax of ₹717.60 million, slightly up from ₹368.07 million in Q2 2023. The net profit for the quarter stood at ₹455.61 million. Rajesh Exports maintained a strong order book valued at ₹643,782 million, underscoring continued demand and operational robustness in the gold and diamond sector.
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