Rajesh Exports Q2 Results 2024:Rajesh Exports declared their Q2 results on 14 Nov, 2024, marking a significant milestone with a topline increase of 75.81% year-over-year. The company reported a profit of ₹45.56 crore, reflecting a modest increase of 0.55% from the previous year, while total revenue reached ₹66,923.67 crore.
In comparison to the previous quarter, Rajesh Exports demonstrated impressive growth, with revenue climbing by 10.88% and profit soaring by an astounding 284.22%. This growth trend highlights the company’s robust operational performance in the current market.
The company’s selling, general, and administrative expenses also showed improvement, declining by 3.33% quarter-on-quarter and 5.97% year-on-year, indicating better cost management strategies.
Furthermore, the operating income surged by 146.16% quarter-on-quarter and increased by 64.93% year-on-year, showcasing Rajesh Exports’ ability to enhance profitability effectively.
Earnings per share (EPS) for Q2 stood at ₹1.54, which reflects a 0.65% increase year-on-year, indicating a steady return for shareholders amidst the fluctuating market conditions.
Despite the positive quarterly results, Rajesh Exports has faced challenges in the stock market, delivering a return of -11.06% in the last week, -21.67% in the last six months, and -35.75% year-to-date.
Currently, Rajesh Exports has a market capitalization of ₹6,953.37 crore, with a 52-week high of ₹409 and a low of ₹232.6, illustrating the volatility in its stock performance.
As of 17 Nov, 2024, out of one analyst covering the company, there is a unanimous ‘Buy’ rating, suggesting optimism about the company’s future prospects.
Rajesh Exports Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 66923.67 | 60355.5 | +10.88% | 38065.9 | +75.81% |
| Selling/ General/ Admin Expenses Total | 40.74 | 42.15 | -3.33% | 43.33 | -5.97% |
| Depreciation/ Amortization | 11.5 | 10.89 | +5.6% | 10.68 | +7.65% |
| Total Operating Expense | 66858.61 | 60329.07 | +10.82% | 38026.46 | +75.82% |
| Operating Income | 65.06 | 26.43 | +146.16% | 39.45 | +64.93% |
| Net Income Before Taxes | 54.37 | 17.39 | +212.65% | 52.97 | +2.64% |
| Net Income | 45.56 | 11.86 | +284.22% | 45.31 | +0.55% |
| Diluted Normalized EPS | 1.54 | 0.4 | +285% | 1.53 | +0.65% |
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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