Rajesh Exports Q2 net profit jumps 28 percent to Rs 373 crore

By

Maverick Martins

Published
Nov 18, 2022

Rajesh Exports Ltd witnessed a 28 percent rise in its consolidated net profit to Rs 373 crore ($45.7 million), as against Rs 291 crore for the same quarter in the previous year.

The company’s revenue for the quarter rose by 95 percent to o Rs 80,271 crore, as against Rs 41,246 crore reported in the corresponding period of the previous fiscal year.

During the July-September quarter, the total expenses of the company stood at Rs 79,876 crore.
Commenting on the Q2 results, Rajesh Mehta, chairman of Rajesh Exports in a statement said, “I am pleased to state that the company has achieved handsome growth both in revenues and in profitability. There is a good order book, and the company hopes to keep up its growth trajectory in the coming quarters.”

Rajesh Exports is a gold retailer in India that refines, designs, and sells gold and diamond jewellery. The company has 82 retail jewellery showrooms under the name Shubh Jewellers and supplies jewellery to some 5,000 retail showrooms across the globe.