Rajesh Exports Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
RAJESHEXPO · price
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Awaiting price reaction for this filing.
Rajesh Exports Limited's board, at its meeting on May 16, 2025, approved the unaudited consolidated financial results for Q3 FY25 (quarter ended December 31, 2024), along with the auditor's limited review report. The company reported net sales of Rs. 966,304.83 million in Q3 FY25, a strong 47.6% jump from Rs. 654,768.89 million in Q3 FY24. Net profit for the quarter stood at Rs. 355.04 million, up about 185.7% YoY from Rs. 124.25 million in the same quarter last year. Basic EPS for the quarter came in at Rs. 1.20 vs Rs. 0.42 a year ago. For the nine-month period (Apr–Dec 2024), total income from operations was Rs. 2,230,737.90 million. The auditor (BSD & Co., Chartered Accountants) issued an unmodified opinion, confirming the numbers are free from material misstatement. This is a delayed filing – Q3 FY25 results being submitted in May 2025.
Strong YoY revenue and profit growth, combined with a clean (unmodified) auditor opinion, is a positive signal for shareholders. However, the extremely thin net margin (under 0.1%) reflects the low-margin nature of the gold trading business, and the long delay in filing Q3 results may raise some governance concerns among retail investors.