Rajesh Exports net profit rose 123.09% to Rs 33.33 crore in Q4 March 2007 as against Rs 14.94 crore in Q4 March 2006. Sales rose 0.75% to Rs 1796.52 crore in Q4 March 2007 as against Rs 1783.07 crore in Q4 March 2006.
The net profit rose 52.19% to Rs 101.28 crore in the year ended March 2007 (FY 2007) as against Rs 66.55 crore during the previous year ended March 2006 (FY 2006). Sales rose 25.75% to Rs 6893.37 crore in FY 2007 as against Rs 5481.87 crore in FY 2006.
The company decided on 12 June 2007 to initiate the development of 5 selected properties from the company’s existing land bank of 32 properties. This is the first phase of development that the company will be undertaking from the 32 strategically located properties owned by the company.