Rajoo Engineers Q1 revenue increases at Rs18 crore; Stock gains 1%

17 Aug 2022 , 09:16 AM

Rajoo Engineers Limited has announced its unaudited financial results for the First quarter ended June 30, 2022. These financial numbers are as per the IND AS accounting guidelines.

Key Highlights:

• Q1 FY23 Revenue from operations at Rs18.00 crore 
• Q1 FY23 EBIDTA (excluding Other Income) at Rs0.59 crore 
• Q1 FY23 EBIDTA Margin (excluding Other Income) at 3.30% 
• Q1 FY23 Net Profit at Rs0.75 crore 
• Q1 FY23 Net Profit Margin at 4.14% 
• Q1 FY23 Basic EPS at Rs0.12

Commenting on the Company’s performance, Khushboo Chandrakant Doshi, Managing Director, Rajoo Engineers Ltd said, “The geo-political situation is still not stable in certain regions, which could impact power costs, sanctions, and cause supply chain disruptions which may have bearing on availability and prices of input materials.

However, we are cautiously optimistic based on expected gradual recovery in demand from our export markets, which should complement domestic growth. However, order inflows continue to be stable with an adequate pending order book.”

On Wednesday early morning trade, Rajoo Engineers Ltd was currently trading at Rs31.30 per share up by Rs0.4 or 1.29% from its previous closing of Rs30.90 per share on the BSE.