Rajesh Exports Q4 net profit up three-fold to Rs 205 crore

Gold and diamond jewellery company Rajesh Exports today reported over three-fold jump in net profit at Rs 205.5 crore for the quarter ended March 31 2015, on the back of healthy performance in exports, wholesale and retail businesses.

The company had posted a net profit of Rs 59.3 crore in the year-ago period, it said in a BSE filing.

"...the company performed well in its export, wholesale and retail business and posted an impressive profit after tax of Rs 6549 million (Rs 654.9 crore)," Rajesh Exports Ltd Chairman Rajesh Mehta said in a statement.

Total income of the company increased to Rs 19,165 crore in the January-March quarter from Rs 12,230 crore in the same quarter of the previous fiscal.

The company claimed that it has set up the world's largest gold jewellery manufacturing facility at Bangalore, with a capacity to process 250 tons of gold into jewellery.

Shares of the company were trading at Rs 230.20 apiece on the BSE, up 0.79 per cent during afternoon session.