Rajesh Exports Q2 net profit up 11% at Rs 310 cr

Jewellery firm Rajesh Exports Ltd (REL) today reported a 10.67 per cent jump in consolidated net profit to Rs 309.71 crore during the second quarter ended September 30, mainly on account of robust sales.
The company had posted a net profit of Rs 279.83 crore in the same period last year, REL said in a BSE filing.
Total income of the company jumped 45.44 per cent to Rs 64,458.9 crore in the July-September quarter of the current fiscal compared to Rs 44,319.6 crore in the year-ago period.
The company's order book position was at Rs 39,251.6 crore as on September 30.

"The company has posted record revenue and profits for the quarter compared to any other quarter since inception," REL Chairman Rajesh Mehta said.
The company is working towards creating products which would be unique for the global markets, he said.
With successful acquisition of the world's largest gold refinery Valcambi, the company would now look forward to increasing its global presence by introducing these products in the European and American markets for growing its profitabiity, Mehta added.
The company will also focus on the second phase of retail store expansion, he added.