By BS Reporter
Aided by the growth of retail business, the Bangalore-based jewellery exporter Rajesh Exports Ltd on Wednesday reported a 76 per cent rise in net profit at Rs 90 crore for the fourth quarter-ended March 31, 2012, as against Rs 51 crore reported during the corresponding quarter last fiscal. The total income for the quarter went up by 37 per cent to Rs 8,708 crore as against Rs 6,347 crore registered in the same period a year ago.
The operating profit for the quarter, however, went up by 43 per cent to Rs 159 crore as against Rs 111 crore shown in the year ago period.
The company sells jewellery under Shubh brand name in the domestic market through its own outlets.
The order book position of the company as on March 31, 2012 stood at Rs 4,672 crore.
These orders would be delivered by June 30, 2012, the company said in a statement.
The board has recommended a dividend of 60 per cent on the equity shares, subject to the approval of the members.
With a total of 80 retail stores, Shubh Jewellers, the company plans to open 40 more outlets during the next two quarters.