RAJESH EXPORTS LIMITED Mrs & Exporters of Gold and Diamond Jewellery # 4, BATAVIA CHAMBERS, KUMARAKRUPA ROAD
Total Page:16
File Type:pdf, Size:1020Kb
RAJESH EXPORTS LIMITED Mrs & Exporters of Gold and Diamond Jewellery # 4, BATAVIA CHAMBERS, KUMARAKRUPA ROAD. KUMARA PARK EAST, BENGALURU - 1 INDIA PH: 22266735, 22260443, 22282215, 41623638, 41629154 FAX: +91-80-22259508 Email : corpcommerajeshindia.com CIN No, : L36911KA1995PLC017077 NN NN Website : www.rajeshindia.com June 30, 2020 To, To, The Manager Listing The Manager Listing Bombay Stock Exchange, National Stock Exchange Corporate Service Department Corporate Communication Dept. Dalal Street, Mumbai Bandra (EAST), Mumbai Scrip Code: 531500 Scrip Code: RAJESHEXPO. Sub: Audited Financial Results For The Quarter & Year Ended March 31, 2020 Dear Sir/Madam, The Board of Directors of the Company at their meeting held today, has inter alia considered and approved the Consolidated Audited Financial Results for the quarter & year ended March 31, 2020, and recommended dividend of Re. 1 per share (100%) on equity shares of face value of Re.1 each for the year ended March 31, 2020, subject to the approval of the shareholders in the forthcoming 26" AGM. Accordingly, pursuant to Regulation 33 of the SEBI (Listing Obligation And Disclosure Requirements) Regulation 2015, please find enclosed herewith the following: + Audited Consolidated Financial Results for quarter and year ended March 31, 2020 + Audit Report from the auditor. Thanking You ‘Yours Faithfully For ee LIMITED [ Rajesh Meh he s Chairman (=)=a : & Global Presenceim Gold and Dicmond Jewlery valcambi ric sHuBH "\ Vi" possess Media Release Revenue stands at Rs. 1956001.70 Min Net Profit stands at Rs. 12058.91 Min Recommended 100% dividend for FY20 Bengaluru, June 30, 2020: 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 and year ended 31 March 2020. Performance Highlights = Consolidated Revenues for the year at Rs. 1956001.70 Million. = Consolidated EBIDTA for the year at Rs. 13339.20 Million. Consolidated PAT for the year at Rs. 12058.91 Million. Consolidated EPS for the year at Rs. 40.84 per share of Rs 1. The company has recommended a dividend of 100% for FY20. For Quarter ended March 31%, 2020: = Consolidated Revenues for the year at Rs. 475526.57 Million. = Consolidated EBIDTA for the year at Rs. 2872.10 Million. = Consolidated PAT for the year at Rs. 2716.57 Million. = Consolidated EPS for the year at Rs. 9.20 per share of Rs 1. valcambi FiO suisse rr sHUBH\ Management Comment Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd. said, “Globally the pandemic situation had started in the month of February itself, inspite of which the company has posted encouraging results. Once the pandemic situation is overcome and normaicy prevails, ! em confident that the company will grow impressively both in revenues and profits.” About Rajesh Exports Limited: Rajesh Exports Ltd is a zero debt company on standalone basis with annual sales of Rs 1956 billion (Approx. USD 26 Billion) on @ consolidated basis for FY20. 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 83 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. valcambieae vOAG sHUBH For more details please vi For queries please contact: Mr. Siddharth Mehta In charge of Investor Relations & Corporate Communications Rajesh Exports Ltd. Tel No. 22266735 ext. 136 Direct Line:080-2260443 Mobile: +91-9986107495 Email: corpcormm@raj shindia.com/s [email protected] 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. a Oo A@) SHUBH | vy nes LEAT RNA RAJESH EXPORTS LIMITED Regd. Office: #4, Batavia Chambers, Kumara Krupa Road, Kumara Park East, BANGALORE-560 001 (CIN 1L36911KA199SPLCO17077 bittp:mww.xajeshindka.com = (Rs. in Millions) ‘PARTI STATEMENT OF CONSOLIDATED AUDITED RESULTS FOR THE QUARTER AND YEAR ENDED 31/03/2020 | a =a Quarter Ended ‘Year Ended y Particues | Simsio2 | sin2n0i9 [Simson | simsinze | 1msv2019 [Audited ‘Unaudited ‘Audited, to ee Sasa(CONel lance fom jas (acne oT | esse | soon ws 1956001.70 “otal incame from operations (oc) | atssi630Ds | aaans 1357s wswor232We] | ORR1788300 61 | 2 | Expenses anus | aE} — SR | ocimasin(b) Purchases of stock-intrade [ = a a i = tepropesand merearch mee iets | (2046.90) 162037 sen sense | [ai mpioyesbenetits expense 43985 39159 58019 1521.95 | [e)Depecatoeed anorisaion pase | 148 ais7| 1s} 848 (Ot pens et OB 368490 {gy Fae costs : 15365 : Hien Total expenses ahwia | aaaoe | awe. | Too | aTHe Seforetard=2)‘Profit from ordinary activities 7 oosas | 1261208 1 [Tas expenss c8ssy] 5802 | [Ne Profi fram ordinary avis ar x 8-9) Bod | HOS bosses |)[Tota otek comprecsineSomprctenstve iomaeteapensesProfit (Les) for(Net the of priEx). _| I } 3339say f [aes | ao40.54) a | Paid up equity stare epi T "795.26 295 26 295 2h | GiaseVattcotte 1) wetfiawe) | (Re tite)| 3 | onaEamings pe share G25) 920 a oss an | tikes | | ‘Statement of AssetsPanicales and Lisbilitis ‘Audited‘as at 3.032020Year Ended A is on-current assets Property, plant and equipment Capital Work-in-Progress Intangible Assots Financial Assets (@) Investment () Loans [Sub-total —Non-carrentasssts | AIS13.45 Loans 4691.75 | (o\Other financial assets 652598 | t Sub-total - Current assets 28003488 307250.30 | {@)Other financial Habiltes Deferred tx Lables (act) =a 131917$57.96 - 6 00 st ——ais0826 “oyFrade Payable | 4e)Other Financia Kiaities — == “32215366529 | “Other current aia 13207 car Provisions == 10x72 | 98870 Suh-totat~ Current Gables soos7032| iwrai0.6 | | TOTAL 307280,0 2994459 NOTES 1) The above results were reviewed by the Audit committee and approved by the Boaud of Dsestrs at its mecting held oa 3080672020, 2) he company deals with single product, '¢ Gold product, ence segment wise figures are not fumished 3) The order book positionas on 31.03 2020 ofthe companywas Rs. 656000 Mili, 44) The Company has developed« now rangeof jewellery fr itsretal stores and fer the expansion ofits retail fotprint in India 5) The above Audited Quarterly Financial Results fled with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations smd Diselosure Requirements} Regulations, 2015, is avilable on the Stock Fschange Websites (www beeindia com and wow nseindia com) and on the Company's website www rajeshindia. com, By Order of the Board For Rajesh *xports Limit Place Bangalore Date 3006/2020 Rajesh Chait No.37, 2nd Floor, South End Road Bangalore - 560 004 J P. V. Ramana Reddy & Co., Basavanagudi, Chartered Accountants P : 26764503 M : 9845082029 E : [email protected] pvr6é[email protected] Independent Auditors’ Report To the Board of Directors of Rajesh Exports Limited, Bangalore Report on the audit of the Consolidated Annual Financial results Opinion We have audited the accompanying consolidated annual financial results of Rajest Exports Limited (hereinafter referred to as the “Holding Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group") for the year ended 31 March 2020, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’). In our opinion and to the best