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Rajesh Exports posts impressive profitability last quarter
Jan '08
Rajesh Exports Ltd announced its financial results for the quarter ended 31.12.2007.

The company posted impressive growth in profitability of over a hundred percent and the company continued to consolidate its position with its customers by offering the finest international designs and guaranteed purity at competitive prices.

Highlights for the quarter ended 31st December, 2007:
- Net Profit After Tax registered a growth of 118% over the corresponding period last quarter, it grew from Rs. 281.22 million to Rs. 612.45 million.
- Revenues for the quarter ended December 31, 2007 grew by 10% on a year on year basis to Rs. 20672.32 millions.
- Earnings Per Share (EPS) for the quarter ended December 31, 2007 registered an increase of 118% over the corresponding period a year ago.

Mr. Rajesh Mehta, Chairman of Rajesh Exports Limited said, “The company has out performed its guidance, due to the focus on margin expansion plans, with our creative products and consistent quality offerings, we have been successful in posting impressive profitability and we have emerged as India's largest and the most profitable jewellery company.

We are confident that we would continue to post impressive, high growth profitability and based on our world class infrastructure, we will emerge as the most profitable jewellery company in the world.”

Financial Highlights
- Net Profit After Tax:
Net Profit After Tax for the quarter ended December31, 2007 stood at Rs. 612.45 millions, as compared to Rs. 281.22 millions for the corresponding period a year ago. The increase represents a growth of 117.78%. Increase in net profit is primarily due to the company concentrating on the margin expansion plans.

- Revenues:
Revenues for the quarter ended December 31, 2007 were Rs.20672.32 millions, as compared to Rs. 18724.86 millions for the same quarter last year, an increase of 10.40%.

- Earnings per Share:
The company registered an EPS of Rs. 16.56 for the quarter as compared to Rs. 7.61 for the same period a year ago, registering an increase of 117.60%.

Rajesh Exports Ltd

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