Rajesh Exports Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
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Awaiting price reaction for this filing.
Rajesh Exports Limited has filed its unaudited standalone financial results for Q3 FY25 (quarter ended December 31, 2024), though the filing on May 16, 2025 is significantly delayed from the usual February deadline. Net sales for the quarter stood at Rs. 26,187 million, down sharply from Rs. 51,122 million in the same quarter last year — a decline of nearly 49% year-on-year. For the nine months ended December 2024, net sales were Rs. 40,739 million versus Rs. 54,006 million in the prior-year period, a drop of about 25%. Net profit for the quarter was Rs. 66 million, lower than Rs. 197 million in the preceding quarter (Q2 FY25). The auditor BSD & Co. issued an unmodified limited review report with no qualifications or adverse comments.
The sharp year-on-year revenue contraction is a red flag for investors, suggesting weak gold jewellery demand or export headwinds. The delayed filing itself may draw regulatory scrutiny and could weigh on investor confidence in the stock.