Rajesh Exports Ltd announced its financial results for the quarter ended 30.09.2007. 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 30th September, 2007: - Revenues for the quarter ended September 30, 2007 grew by 19% on a year on year basis to Rs. 20442.12 millions. - Net Profit After Tax registered a growth of 156% over the corresponding period last quarter, it grew from Rs. 211.60 million to Rs. 542.42 million. - Earnings Per Share (EPS) for the quarter ended September 30, 2007 registered an increase of 156% over the corresponding period a year ago.
Mr. Rajesh Mehta, Chairman of Rajesh Exports Limited said, “The Company has yet again posted a strong performance. I am pleased that the company's focus on margin expansion is bearing results."
"Going forward I am confident that the company will post further higher profits, as the margin expansion plans of the company will keep maturing over the period of time.”
Financial Highlights - Revenues: Revenues for the quarter ended September 30, 2007 were Rs.20442.12 millions, as compared to Rs. 17122.20 millions for the same quarter last year, an increase of 19.38%. - Net Profit After Tax: Net Profit After Tax for the quarter ended September 30, 2007 stood at Rs. 542.42 millions, as compared to Rs. 211.60 millions for the corresponding period a year ago. The increase represents a growth of 156.34%. Increase in net profit is primarily due to the company concentrating on the margin expansion plans. - Earnings per Share: The company registered an EPS of Rs. 14.67 for the quarter as compared to Rs. 5.73 for the same period a year ago, registering an increase of 156.34%.
Rajesh Exports Limited is a world leader in the manufacture, export and wholesale of gold and diamond jewellery.
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