Rajesh Exports' Q1 Financial Results Show Negative Performance, Strong Sell Rating by MarketsMOJO

Rajesh Exports, a midcap company in the jewellery industry, has recently declared its financial results for the quarter ending March 2024. According to the data, the company has seen a very negative performance in this quarter, with a score of -22, which has improved from -31 in the last three months.

One positive aspect for Rajesh Exports is its net sales, which have grown at a rate of 20.1% compared to the average net sales of the previous four quarters. This indicates a positive trend in the company's sales in the near term.

However, there are some areas that are not working in favor of Rajesh Exports. The profit before tax (PBT) has fallen by -224.8% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also seen a decline of -117.2% compared to the average PAT of the previous four quarters. This trend is expected to continue in the near term.

The operating profit (PBDIT) has also been on a downward trend, with the lowest value of -164.36 cr in the last five quarters. This indicates a negative trend in the company's operating efficiency.

The operating profit margin has also reached its lowest point of -0.18% in the last five quarters, indicating a decline in the company's efficiency. The earnings per share (EPS) have also decreased, reaching its lowest value of Rs -1.07 in the last five quarters.

On a positive note, the company has seen an increase in its non-operating income, with the highest value of Rs 204.35 cr in the last five quarters. However, this may not be sustainable in the long run.

Based on these financial results, MarketsMOJO has given a stock call of 'Strong Sell' for Rajesh Exports. Investors should carefully consider these factors before making any investment decisions.