RAJESH EXPORTS LTD.

Rajesh Exports' consolidated Q1FY27 (quarter ended June 30, 2026) results mark a turnaround: the group swung to a net profit of ₹47.19 Cr against a loss of ₹9.53 Cr in the year-ago quarter and a loss of ₹53.50 Cr in the immediately preceding quarter (Q4FY26). Revenue from operations rose 82.7% YoY to ₹2,40,335.72 Cr (₹1,31,541.80 Cr in Q1FY26), and was up a modest 1.5% QoQ from ₹2,36,864.21 Cr. Basic EPS came in at ₹1.59 versus a loss per share of ₹0.32 a year earlier. This filing carries only the consolidated statement — no standalone results are included. Profitability improved on both a revenue-scale and margin basis. Total expenses of ₹2,40,292.05 Cr (dominated by cost of materials consumed at ₹2,40,201.47 Cr, the bullion cost that tracks gold prices almost one-for-one) grew slightly slower than income, lifting pre-tax profit to ₹55.30 Cr from a ₹39.90 Cr pre-tax loss in Q4FY26 and a ₹1.76 Cr pre-tax profit in Q1FY26. Net profit margin turned positive at roughly 0.02% of total income, against -0.01% a year ago — margin "expansion" in relative terms, but the absolute level underscores that this remains a wafer-thin-margin bullion-trading business rather than a jewellery-brand margin story. No exceptional or one-off items are broken out in the statement, so the swing reflects the ordinary trading spread rather than a one-time gain. We found no formal management guidance on record for this quarter, and no analyst/brokerage consensus estimate for Q1FY27 PAT or revenue turned up in a web search — vsGuidance and vsStreet are both unknown; no management press-release commentary was available in the context either. What is on record, and material, is the auditor's Emphasis of Matter: SEBI has passed an interim ex-parte order against the company (no fine or penalty imposed; the company has filed its reply), the Enforcement Directorate searched multiple company premises and some KMPs' premises during June 2026, and the Serious Fraud Investigation Office (SFIO) has separately opened an investigation, with the company stating it has furnished the requested documents. The auditor's review conclusion itself was not modified by these matters. This sits alongside the company's own June 2026 clarifications denying knowledge of an NEFRA probe and denying revenue-overstatement allegations tied to the SEBI order. Going into Q2FY27, the operating print — a return to profit on both YoY and QoQ bases — is secondary to the unresolved regulatory track: the SEBI order, the ED searches, and the SFIO investigation are all still open as of this filing, and their resolution (or escalation) is the dominant swing factor for the stock rather than the underlying bullion-trading margin, which remains structurally thin.

Rajesh Exports Ltd has announced that its Board of Directors will convene on August 14, 2026, at its registered office in Bangalore. The primary agenda item for this meeting is to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This meeting is being held in compliance with SEBI (LODR) Regulations 2015, ensuring timely disclosure of financial performance to stakeholders.

Rajesh Exports Ltd has issued a clarification regarding a news item alleging a probe by NEFRA (National Financial Reporting Authority) into the company. The company stated that it has no information about any such investigation. This statement aims to address market speculation and provide transparency to its stakeholders.

Rajesh Exports Limited announced that the Enforcement Directorate conducted a search on its premises. The company's officials fully cooperated with the authorities and provided all requested details. The search concluded on June 25, 2026, with no discrepancies found in the inventory or cash. No valuable items were seized during the operation. The company has informed its stakeholders about the proceedings.

Rajesh Exports Ltd has issued a clarification regarding an interim SEBI order, addressing potential misperceptions. The company emphasized it is debt-free, has not raised significant public funds since 1995, and has not engaged in equity placements with domestic institutions. Rajesh Exports asserts all its filings and financial numbers, including revenue, are genuine and that it has not indulged in mis-reporting. The company highlighted that the interim order raises suspicions without conclusive adverse findings and that its personnel are not involved in any wrongdoing. It clarified that consolidated revenues primarily stem from Valcambi, a leading gold refinery, and rejected media reports of scams or inflated revenues as speculative. Rajesh Exports is actively submitting explanations and evidence to SEBI to resolve the concerns raised.

Rajesh Exports Limited has issued a clarification regarding an interim order from SEBI dated June 3, 2026. The company states that the order is not conclusive and involves no fines or penalties. Rajesh Exports asserts that its reported financials are correct and attributes the SEBI observation of a revenue discrepancy (around 97%) to a confusion between EBIDTA of Valcambi and the company's actual revenue. The company believes this is a communication gap and is actively working with SEBI to provide necessary documentation and clarify the matter, expressing confidence in resolving the issue. SEBI's observation is noted as suspicion regarding revenues, specifically linked to Valcambi's figures, and not adverse findings on earnings.

Rajesh Exports Ltd has issued a clarification regarding an interim order from SEBI dated June 3, 2026. The company asserts that the order is preliminary and no adverse conclusions have been reached. Rajesh Exports strongly denies any overstatement of revenues, stating that declared figures are accurate. The company attributes the situation to a potential communication gap with SEBI and is in the process of submitting all necessary documents to resolve the matter. They express confidence that SEBI will reach a correct conclusion based on the authenticated information. Rajesh Exports also refutes negative media reports and plans to issue a media clarification soon to address speculation.

Rajesh Exports Ltd has announced its audited standalone financial results for the quarter and year ended March 31, 2026. The results were approved by the Board of Directors in a meeting held on the same day, complying with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit report was conducted by BSD & CO. Chartered Accountants, who have issued an unmodified opinion.

Rajesh Exports Ltd. has announced its standalone audited financial results for the quarter and year ended March 31, 2026. The results, approved by the Board of Directors, have been audited by BSD & CO., Chartered Accountants, who have issued an independent auditor's report stating that the results present a true and fair view in accordance with applicable accounting standards and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rajesh Exports Ltd has announced that a meeting of the Board of Directors is scheduled for May 30, 2026. The meeting will be held at the company's registered office in Bangalore. The board will consider and approve the audited financial results for the quarter and year ended March 31, 2026, as per Regulation 29 of the SEBI (LODR) Regulations 2015.