Rajesh Exports Ltd Quarterly net profit more than doubles to Rs.42.13 Crores

Rajesh Exports Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.421.36 million for the quarter ended June 30, 2007 where as the same was at Rs.186.67 million for the quarter ended June 30, 2006. Total Income is Rs.20302.42 million for the quarter ended June 30, 2007 where as the same was at Rs.15127.3 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.11.4 for Quarter ended June 30, 2007 compared to Rs.5.05 reported during Quarter ended June 30, 2006.

The order book position as on June 30, 2007 was Rs 14530 million. The company was accorded the status of Nominated Agency to import gold for domestic consumption.

The company has received an order for designer jewellery of Rs 2720 million from Lazorde Jewellery, Kuwait.

The company was awarded Star Exporter award, the highest honour for export performance by the FKCCI. The R&D division has developed many new designs for retailing and the total design portfolio at present comprises of 29,000 designs.

The Company has identified majority of the location for Shubh Jewellers and the company would be shortly launching the first phase of ´SHUBH JEWELLERS´ retail showrooms.

Source : Equity Bulls

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