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RAJESH EXPORTS Announces Quarterly Results (2QFY19); Net Profit Up 5.6%

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RAJESH EXPORTS Announces Quarterly Results (2QFY19); Net Profit Up 5.6%
Fri, 16 Nov

RAJESH EXPORTS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

RAJESH EXPORTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m521,305439,268533,75821.5%2.4%
Other incomeRs m30214152-29.0%400.6%
TurnoverRs m521,336439,482533,91021.5%2.4%
ExpensesRs m516,234433,701529,21022.0%2.5%
Gross profitRs m5,0725,5674,548-18.3%-10.3%
DepreciationRs m177185176-5.1%-1.0%
InterestRs m1,8261,4721,063-27.8%-41.8%
Profit before taxRs m3,0984,1243,462-16.1%11.7%
TaxRs m117132313136.3%167.6%
Profit after taxRs m2,9813,9923,149-21.1%5.6%
Gross profit margin%1.01.30.9
Effective tax rate%3.83.29.0
Net profit margin%0.60.90.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 2.4% on a year-on-year (YoY) basis. The expenses were up by 2.5% YoY during the same period.
  • The company's operating profit declined by 10.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 0.9% in 2QFY19.
  • Depreciation charges declined by 1.0% and finance costs declined by 41.8% YoY, respectively.
  • Other income increased by 400.6% YoY during the quarter.
  • Net profit for the quarter increased by 5.6% YoY. Net profit margins during the quarter increased from 0.6% in 2QFY18 to 0.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 22.0% QoQ during the same period.
  • The company's operating profit declined by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 2QFY19 as against 1.3% in 1QFY18.
  • Net profit for the quarter declined by 21.1% QoQ, while net profit margins declined from 0.9% in 1QFY18 to 0.6% in 2QFY19.

To see how RAJESH EXPORTS has performed over the last eight quarters, please visit here.

RAJESH EXPORTS Share Price Performance

Over the last one year, RAJESH EXPORTS share price has moved up from Rs 754.5 to Rs 567.0, registering a Loss of Rs 187.5 or around 24.9%.

Overall, the S&P BSE SENSEX is up 8.1% over the year.

Current Valuations

At the current price of Rs 567.0, the price to earnings (P/E) ratio of RAJESH EXPORTS stands at 12.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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RAJESH EXPORTS Announces Quarterly Results (3QFY19); Net Profit Up 4.8% (Quarterly Result Update)

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For the quarter ended December 2018, RAJESH EXPORTS has posted a net profit of Rs 3 bn (up 4.8% YoY). Sales on the other hand came in at Rs 440 bn (up 6.6% YoY). Read on for a complete analysis of RAJESH EXPORTS's quarterly results.

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For the quarter ended June 2018, RAJESH EXPORTS has posted a net profit of Rs 4 bn (up 34.5% YoY). Sales on the other hand came in at Rs 439 bn (down 12.9% YoY). Read on for a complete analysis of RAJESH EXPORTS's quarterly results.

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