November 15, 2022

To,

To,

The Manager Listing

The Manager Listing

Bombay Stock Exchange Limited

National Stock Exchange of India Limited

Mumbai

Mumbai

Dear Sirs,

Sub: Unaudited Financial Results For The Quarter Ended September 30, 2022

Dear Sir/Madam,

The board of directors of the Company at their meeting held today, has inter alia considered and approved the Unaudited Financial Results for the quarter ended September 30, 2022.

Accordingly, pursuant to Regulation 33 of the SEBI (Listing Obligation And Disclosure Requirements) Regulation 2015, please find enclosed herewith the following:

  • Unaudited Consolidated Financial Results for quarter ended September 30, 2022
  • Limited Review Report from the auditor.

Thanking You

For Rajesh Exports Limited

RAJESH

Digitally signed by

RAJESH JASWANTH

JASWANTH RAI MEHTA

Date: 2022.11.15

RAI MEHTA 20:47:09 +05'30'

Rajesh Mehta

Chairman

Global Presense in Gold and Diamond Jewellery

Media Release

Revenue of Rs. 802700.67 Mln

Net Profit stands at Rs. 3729.63 Mln

Growth in Net Profit of 37.25%

Bengaluru, November 15, 2022: Rajesh Exports Ltd. (BSE: 531500, NSE: RAJESHEXPO), world's largest gold refiner and world's only fully integrated entity across the entire value chain of gold, announced its consolidated audited results for the quarter ended 30th September 2022.

Quarterly Performance Highlights

  • Consolidated Revenues for the quarter of Rs. 802700.67 Million.
  • Consolidated EBIDTA for the quarter of Rs. 4189.75 Million.
  • Consolidated PAT for the quarter of Rs. 3729.63 Million.
  • Consolidated EPS for the quarter at Rs. 12.63 per share of Rs 1.

Half Yearly Performance Highlights

  • Consolidated Revenues for the quarter of Rs. 1297671.44 Million.
  • Consolidated EBIDTA for the quarter of Rs. 7253.12 Million.
  • Consolidated PAT for the quarter of Rs. 6447.00 Million.
  • Consolidated EPS for the quarter at Rs. 21.83 per share of Rs 1.

Management Comment:

Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd. said, "I am pleased to state that the Company has achieved handsome growth both in Revenues and in Profitability. There is a good order book and the Company hopes to keep up it's growth trajectory in the coming quarters."

About Rajesh Exports Limited:

Rajesh Exports Ltd is a zero debt company on standalone basis with annual sales of Rs 2431 billion (Approx. USD 33 Billion) on a consolidated basis for FY 21-22. The Company emerged as the single largest constituent of gold business in the world. Rajesh Exports processes about 35% of gold produced in the world. Rajesh Exports is the only Company with presence across the value chain of gold from mining till its own retail brand.

The Company is the largest refiner of gold in the world. With the acquisition of Valcambi, the world's largest gold refinery at Switzerland, Rajesh Exports has built up a total capacity to refine 2,400 tons of precious metals per annum. Valcambi is a LBMA accredited refinery, the gold bars produced at Valcambi are good delivery bars, accepted across all the precious metal exchanges of the world and by all the Bullion banks.

Rajesh Exports Ltd. is the largest Manufacturer of gold products in the world. Across its various manufacturing facilities Rajesh Exports has a total installed capacity to manufacture 400 tons of world class gold products per annum including the finest plain and studded jewellery, medallions and coins. Rajesh Exports has set up the world's finest R&D facilities in Switzerland and in India for developing new designs and for evolving innovative manufacturing process for manufacture of world class gold products.

The Company exports its products to various countries around the world and also supplies its products to bullion banks, central banks wholesale jewellery trade and retail jewellery trade.

Rajesh Exports has set up 82 retail jewellery showrooms under the brand name of SHUBH Jewellers. SHUBH Jewellers is one of the most trusted household jewellery brand names in South India and is known for quality, designs and value for money prices of its products.

For more details please visit: www.rajeshindia.com

For queries please contact:

Mr. Suresh Kumar

In charge of Public Relations

Rajesh Exports Ltd.

Tel No. 68749921 ext. 151

Email: corpcormm@rajeshindia.com

Note: Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward looking statements. Rajesh Exports Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

RAJESH EXPORTS LIMITED

Regd. Office: #4, Batavia Chambers, Kumara Krupa Road,

Kumara Park East, BANGALORE-560 001

CIN L36911KA1995PLC017077 http://www.rajeshindia.com

(Rs. in Millions)

PART I

STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER ENDED 30/09/2022

Quarter Ended

Half Year Ended

Year Ended

Particulars

30/09/2022

30/06/2022

30/09/2021

30/09/2022

30/09/2021

31/03/2022

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

1

Income from operations

(a) Net sales/income from operations (inclusive of

excise duty)

802700.67

494970.77

412451.27

1297671.44

921421.43

2431279.39

(b) Other operating income

-

-

-

-

-

-

(c) Other Income

10.92

10.61

13.20

21.53

16.00

402.57

Total income from operations (net)

802711.59

494981.38

412464.47

1297692.97

921437.43

2431681.96

2

Expenses

(a) Cost of materials consumed

797303.24

490234.63

407856.26

1287537.87

913004.83

2415559.10

(b) Purchases of stock-in-trade

-

-

-

-

-

-

(c) Changes in inventories of finished goods, work-

in-progress and stock-in-trade

134.29

660.50

392.41

794.79

262.84

(462.45)

(d) Employee benefits expense

543.72

502.07

449.71

1045.79

881.24

1774.86

(e) Depreciation and amortisation expense

241.34

228.56

328.07

469.90

548.08

908.74

(f) Other expenses

540.59

520.81

460.98

1061.40

965.51

3517.08

(g) Finance costs

-

-

-

-

-

-

Total expenses

798763.18

492146.57

409487.43

1290909.75

915662.50

2421297.33

3

Profit from ordinary activities

before tax (1 - 2)

3948.41

2834.81

2977.04

6783.22

5774.93

10384.63

4

Tax expense

218.78

117.44

62.73

336.22

76.33

298.95

5

Net Profit from ordinary activities after tax (3- 4)

3729.63

2717.37

2914.31

6447.00

5698.60

10085.68

6

Other comprehensive income/expenses(Net of tax)

-

-

-

-

-

1.91

7

Total comprehensive Profit / (Loss) for the

3729.63

2717.37

2914.31

6447.00

5698.60

10087.59

period

8

Paid-up equity share capital

295.26

295.26

295.26

295.26

295.26

295.26

(Face Value of Re. 1)

(Re.1/share)

( Re.1/Share)

(Re.1/share)

(Re.1/share)

(Re.1/share)

(Re.1/Share)

9 Earnings per share (EPS)

(a)Basic

12.63

9.20

9.87

21.83

19.30

34.16

(b)Diluted

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Rajesh Exports Ltd. published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 18:31:06 UTC.