RAJESH EXPORTS Announces Quarterly Results (3QFY20); Net Profit Up 0.2%

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RAJESH EXPORTS Announces Quarterly Results (3QFY20); Net Profit Up 0.2%
Wed, 12 Feb

RAJESH EXPORTS has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

RAJESH EXPORTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m440,172668,274406,011-39.2%-7.8%
Other incomeRs m8888-9.9%-91.4%
TurnoverRs m440,260668,282406,019-39.2%-7.8%
ExpensesRs m435,654664,666402,507-39.4%-7.6%
Gross profitRs m4,5183,6073,505-2.8%-22.4%
DepreciationRs m2001831830.0%-8.4%
InterestRs m1,129000.0%-100.0%
Profit before taxRs m3,2773,4323,329-3.0%1.6%
TaxRs m117276164-40.4%40.2%
Profit after taxRs m3,1603,1563,1650.3%0.2%
Gross profit margin%1.00.50.9
Effective tax rate%3.68.04.9
Net profit margin%0.70.50.8
* 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 fell 7.8% on a year-on-year (YoY) basis. The expenses were down by 7.6% YoY during the same period.
  • The company's operating profit declined by 22.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 0.9% in 3QFY20.
  • Depreciation charges declined by 8.4% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 91.4% YoY during the quarter.
  • Net profit for the quarter increased by 0.2% YoY. Net profit margins during the quarter increased from 0.7% in 3QFY19 to 0.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 39.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 39.4% QoQ during the same period.
  • The company's operating profit declined by 2.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.9% in 3QFY20 as against 0.5% in 2QFY19.
  • Net profit for the quarter increased by 0.3% QoQ, while net profit margins increased from 0.5% in 2QFY19 to 0.8% in 3QFY20.

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

Alert: Discover the Makings of Potential 'Crorepati' Stocks from Richa Agarwal

RAJESH EXPORTS Share Price Performance

Over the last one year,RAJESH EXPORTS share price has moved up from Rs 572.3 to Rs 755.2, registering a Gain of Rs 182.9 or around 32.0%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 755.2, the price to earnings (P/E) ratio of RAJESH EXPORTS stands at 18.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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RAJESH EXPORTS 2019-20 Annual Report Analysis (Annual Result Update)

Oct 26, 2021 | Updated on Oct 26, 2021

Here's an analysis of the annual report of RAJESH EXPORTS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of RAJESH EXPORTS. Also includes updates on the valuation of RAJESH EXPORTS.

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