Rajesh Exports L Q1 net profit down 10.95% at Rs 102.07 cr

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The company reported a standalone net profit of Rs 102.07 crore for the quarter ended June 30, 2019, as compared to Rs 114.62 crore in the same period last year, registering a year-on-year decline of 10.95 percent. 





Net revenue of the company declined moderately by 11.97 percent at Rs 11,122.18 crore in the April-June quarter of this fiscal as against Rs 12,634.69 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 11.41 percent to Rs 11,007.72 crore from Rs 12,425.30 crore in the year-ago period.

Other Income dipped by 98.02 percent at Rs 0.42 crore versus (Jun'18 Rs 21.24 crore). Operating profit slipped by 45.33 percent to Rs 114.47 crore as against Rs 209.39 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.95 percent in June quarter. Taxation increased by 31.43 percent at Rs 12.42 crore (Jun'18 Rs 9.45 crore).



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