by Ritmbarah Arora
The result season is in full swing with companies announcing their performance in the third quarter of the financial year 2020. Check out the latest results here.
Rajesh Exports posts a marginal increase in the net profit
Bangalore headquartered Rajesh Exports is a gold retailer company which refines, designs and sells gold and jewellery. Rajesh Exports is engaged in producing handmade jewellery, casting jewellery, machine chains, as well as various forms of jewellery. It has combined capacity to manufacture approximately 360 tons of gold jewellery and gold products per annum.
Rajesh Exports posted an increase of 0.2% in its consolidated profit after tax at Rs 317 crore during the third quarter of the current fiscal year as against Rs 315.9 crore in the year ago period. Operating revenues came out at Rs 40,601.1 crore in Q3FY20 versus Rs 44,026 crore in Q3FY19 while EBITDA stood at Rs 351 crore for Q3FY20.
Operating profit fell to Rs 350.5 crore in the present fiscal year, third quarter from Rs 451.8 crore in the corresponding quarter, last year and operating profit margin turned down to 0.9% from 1.03% in Q3FY19.
The Chairman of Rajesh Exports, Rajesh Mehta commented, “In spite of the global and Indian slowdown, the company has posted sustained results both in terms of revenue and profitability". Rajesh Exports is listed in 11 screeners on Trendlyne.
BASF India sees a net loss of Rs 32.4 crore but a rise in sales
A subsidiary of BASF, BASF India is engaged in providing chemicals plastics, performance products and crop protection products. The segments of the company include agricultural solution, performance products, chemicals, functional materials & solutions. BASF India serves various verticals including automotive, agriculture, life sciences and leather.
BASF India posted a net loss of Rs 32.4 crore in the third quarter ending December 31, 2019 as against a net loss of Rs 38.4 crore in the year ago period. Sales rose to Rs 2,018.2 crore in Q3FY20 versus Rs 1,409.9 crore in Q3FY19 with operating expenses at Rs 1,975.1 crore from Rs 1,416.8 crore in the corresponding quarter, previous year. The stock was trading at Rs 933.9, down by Rs 58.2 or 5.9% from its previous closing of Rs 992.1. BASF India is listed in 15 screeners on Trendlyne.
