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Rajesh Exports Q2 Profit Up 75% at Rs 280 Crore

Rajesh Exports Q2 Profit Up 75% at Rs 280 Crore

New Delhi: Jewellery exporter and retailer Rajesh Exports Ltd (REL) on Monday reported a 75.15 per cent jump in profit at Rs 279.83 crore for the second quarter that ended on September 30, on the account of higher sales.

The company had clocked a net profit of Rs 159.76 crore for the corresponding period a year ago.

Net sales rose over four-fold to Rs 44,319.65 crore during the quarter under review as against Rs 10,959.42 crore a year ago.

As of 11:29 a.m., shares in Rajesh Exports were trading 0.5 per cent higher at Rs 701.50 apiece on the BSE, whose benchmark Sensex index was up 0.15 per cent.