Rajesh Exports Ltd's Q1FY19 consolidated net profit rises 34.46% yoy to Rs399.16cr

The company’s consolidated revenue stood at Rs43,926.80cr, down 12.86% yoy but up 0.19% qoq.

Aug 14, 2018 08:08 IST India Infoline Research Team

Rajesh Exports Ltd Q1FY19

Consolidated Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 43,926.80 [12.9]
EBITDA 556.70 32.0
EBITDA Margin (%) 1.27 43
Net Profit (adjusted) 399.16 34.5
***EBITDA margin change is bps

Rajesh Exports Ltd’s revenue declined by 12.9% yoy and grew 0.2% qoq to Rs43,927cr. EBITDA came in at Rs557cr, up 32% yoy and 5.7% qoq. EBITDA margin expanded by 43bps yoy and 7bps qoq to 1.27%. Adjusted PAT stood at Rs399cr, up 34.5% yoy and 8.1% qoq.

• Cost of goods sold stood at 98.4% of sales vs. 99% yoy aiding in EBITDA margin expansion.
• Other expenses stood at 0.2% of revenue vs. 0.1% yoy.
• Finance cost grew by 28.4% yoy to Rs147cr.

Technical View:

Rajesh Exports Ltd is currently trading at Rs. 666, up by 11 points or 1.68% from its previous closing of Rs. 655 on the BSE.
The scrip opened at Rs. 673 and has touched a high and low of Rs. 680.85 and Rs. 650.50 respectively. So far 7,74,277 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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