Rajesh Exports' Q1 FY25 Financials Show Mixed Results, MarketsMOJO Gives 'Strong Sell' Call

Rajesh Exports, a midcap company in the jewellery industry, has recently declared its financial results for the quarter ending June 2024. According to the data released on August 14, 2024, the company has seen a very negative performance in terms of profits. The score has improved slightly from -31 to -23 in the last three months.

However, there are some positive aspects to the company’s financials. The net sales for the quarter have shown a growth of 20.1% compared to the average net sales of the previous four quarters. This indicates a positive sales trend in the near term. Additionally, the company’s cash and cash equivalents have also increased, showing an improvement in short-term liquidity.

On the other hand, there are some concerning factors in the financials of Rajesh Exports. The profit before tax (PBT) has fallen by -224.8% compared to the average PBT of the previous four quarters. The same trend is seen in the profit after tax (PAT), which has fallen by -117.2%. The PBT and PAT have also been consistently falling in the last five quarters, indicating a very negative trend in the near term. The operating profit and operating profit margin have also shown a decline, indicating a decrease in the company’s efficiency.

Furthermore, the earnings per share (EPS) have also decreased, showing a decline in profitability and lower earnings for shareholders. The company’s non-operating income has increased, but this may not be sustainable as it comes from non-business activities.

Based on these financials, MarketsMOJO has given a ‘Strong Sell’ call for Rajesh Exports’ stock. Investors should carefully consider these factors before making any investment decisions.