Rajesh Exports Q1 Results Live: Profit Falls by 96.17% YoY

Rajesh Exports Q1 Results Live : Rajesh Exports declared their Q1 results on 14 Aug, 2024, revealing a significant decline in both revenue and profit. The company's topline decreased by 29.56% year-over-year (YoY), while profits plummeted by a staggering 96.17% YoY. In comparison to the previous quarter, the revenue declined by 34%, but profit saw a remarkable increase of 137.57%.

The company reported a decrease in Selling, General & Administrative (SG&A) expenses, which declined by 3.42% quarter-over-quarter (q-o-q) and decreased by 22.34% year-over-year (Y-o-Y). This reduction in expenses indicates a tightening of operational costs amidst declining revenues.

Despite the overall downturn, Rajesh Exports' operating income was up by 115.05% q-o-q, though it decreased by 91.28% YoY. The company’s earnings per share (EPS) for Q1 stood at ₹0.4, reflecting a decrease of 96.18% YoY.

Over the past week, Rajesh Exports has delivered a marginal return of 0.1%. However, the performance over the longer term has been less favorable, with a -12.25% return in the last six months and a -19.36% year-to-date (YTD) return.

As of now, Rajesh Exports has a market capitalization of ₹8727.88 Crores. The stock has seen a 52-week high of ₹560 and a low of ₹261. Despite the recent financial challenges, the company retains some market confidence.

On 16 Aug, 2024, the single analyst covering Rajesh Exports recommended a 'Buy' rating. The consensus recommendation for the stock remains positive as of the same date, indicating a cautious optimism among market watchers.