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Net Profits of Rajesh Exports Ltd. increased by 75% in Q2-FY2016

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RAJESH EXPORTS

As the second quarter of financial year 2016 ended on September 30, 2015, the term gave a reason to Rajesh Exports Ltd., to celebrate as their net profit amounts upto Rs 2798.38 million after paying all the taxes, minority interests and sharing profits amongst associates. As a result of this 75% hike in net profits, the Total Income of the Group reached Rs. 443205.08 million. Tracing it exact one year back to September 30, 2014, the net profit was recorded Rs. 1597.65 million at the total income of Rs. 109613.94 million.

This hike in total income showered numerous benefits over Rajesh Exports as the organisation is currently trading at Rs. 698.85 on Bombay Stock Exchange. It is 0.14% higher as compared to its last closing, which was Rs. 697.85.

The scrip opened at Rs. 701.3 and has touched a high and low of Rs. 716.35 and Rs. 692.6 respectively. So far 235368(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20607.51 crore.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 724 on 10-Nov-2015 and a 52 week low of Rs. 136.1 on 19-Dec-2014. Last one week high and low of the scrip stood at Rs. 724 and Rs. 606.55 respectively.

The promoters holding in the company stood at 53.89 % while Institutions and Non-Institutions held 20.09 % and 26.02 % respectively.