The world’s largest Gold refiner, Rajesh Export published their quarterly financial report for the fiscal year 2019 with a net consolidated profit of Rs. 399 crores, posting a 34% jump in comparison to Rs. 296.8 crores profit earned during the June-end quarter of the previous year.

Although the company reported a 12.8% decline in total income as the total revenue for the quarter under review stood at Rs. 43,926.7 crores as against Rs. 50,408.2 crores revenue reported for the corresponding period of the previous fiscal year.

The company’s Chairman said in the regulatory filing, “The company has achieved a significant milestone in recording the highest EBITDA and Profit After Tax (PAT) for a quarter. The company is on tracks on its objective of achieving higher profits.”

The company had earlier this month received an Export order from Middle-East worth Rs. 892 crores and the order is expected to be completed by September. The company stated in the regulatory filing that the order has its special significance for the acceptance of the new range of jewellery introduced by the company in the global market.” 

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