Audited Consolidated Results March 31, 2026
RAJESHEXPO · price
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Rajesh Exports reported audited consolidated results for FY26 with net sales of Rs 7,787,160.40 million (approx Rs 77,872 crore), a significant jump from Rs 4,230,993.23 million in FY25, representing approximately 84% revenue growth. Net profit after tax stood at Rs 1,124.98 million vs Rs 948.70 million in the previous year, growing by about 18.6%. The company operates in the gold jewellery business as a single-product company. Inventories nearly doubled to Rs 177,464.75 million from Rs 96,263.51 million, while trade receivables increased to Rs 64,422.49 million. The Q4 quarter ended with a loss of Rs 534.97 million. The auditor issued a clean (unmodified) opinion on the financial statements. Operating cash flow remained positive at Rs 1,741.11 million despite thin profit margins.
The massive revenue growth is offset by extremely thin profit margins (0.014% vs 0.022% last year) indicating margin compression. The significant inventory buildup warrants monitoring. The clean audit opinion provides some comfort to investors regarding financial statement reliability.