2024-11-17 04:36:59 :
Rajesh Exports Second Quarter 2024 Results: Rajesh Exports announced its second quarter results on November 14, 2024, which was an important milestone with revenue growing by 75.81% year-on-year. The company reported profits of $455.6 crore, a slight increase of 0.55% over the previous year, and the total revenue reached $66,923.67 Crores.
Compared to the previous quarter, Rajesh Exports’ growth was impressive, with revenue up 10.88% and profits soaring a staggering 284.22%. This growth trend highlights the company’s strong operating performance in the current market.
The company’s selling expenses, general expenses and administrative expenses also improved, falling 3.33% month-on-month and 5.97% year-on-year, indicating improvements in cost management strategies.
In addition, operating income increased by 146.16% month-on-month and 64.93% year-on-year, demonstrating Rajesh Exports’ ability to effectively increase profitability.
Second quarter earnings per share (EPS) were $1.54, a year-on-year increase of 0.65%, indicating that shareholders can still obtain stable returns despite market fluctuations.
Despite the good quarterly results, Rajesh Exports continues to face challenges in the stock market, returning -11.06% last week, -21.67% over the past six months, and -35.75% year-to-date.
Currently, Rajesh Exports has a market capitalization of $Rs 6,953.37 Crore, a new 52-week high $409 and low $232.6, illustrating the volatility of its stock performance.
As of November 17, 2024, 1 analysts covering the company have a consensus rating of “Buy”, indicating optimism about the company’s future prospects.
rajesh export finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 66923.67 | 60355.5 | +10.88% | 38065.9 | +75.81% |
| Total Selling/General/Administrative Expenses | 40.74 | 42.15 | -3.33% | 43.33 | -5.97% |
| Depreciation/Amortization | 11.5 | 10.89 | +5.6% | 10.68 | +7.65% |
| total operating expenses | 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 tax | 54.37 | 17.39 | +212.65% | 52.97 | +2.64% |
| net income | 45.56 | 11.86 | +284.22% | 45.31 | +0.55% |
| Diluted normalized earnings per share | 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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