Rajesh Exports Ltd has reported 23.08 per cent higher profits at Rs 110.9 crore for the fourth quarter of fiscal (2012-13).
The company’s revenues were also 41.75 per cent higher at Rs 12,343.8 crore as compared to the same period last year. EPS stood at Rs 3.76 as compared to Rs 3.05 recorded last year.
Rajesh Exports has informed the BSE that the board of directors at its meeting held on May 30, 2013, recommended a dividend of 100 per cent on the equity shares, subject to the approval of the members.
The order book position of the company as on March 31, 2013, stood at Rs 6,472 crore. These orders are to be completed within June 30, 2013.
Commenting on the performance, Rajesh Mehta, company’s chairman said, “The company has achieved an impressive growth in its retail business, and Shubh Jewellers has emerged as a household brand in Karnataka.”
“The company plans to further expand retail presence to the other three Southern States, and further to a pan-Indian presence. We plan to open 500 Shubh Jewellers showrooms by the year 2015. Currently, the company has 81 showrooms,” he added.