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Ankush

5 mins ago · SEBI-Registered Analyst

Rajesh Exports in Focus After Q1 Profit Recovery and Battery PLI Setback

$RAJESHEXPO Rajesh Exports is likely to remain in focus after the company reported a consolidated net profit of ₹46.9 crore in Q1 FY27, reversing the loss reported in the previous quarter. Consolidated revenue from operations also surged around 83% year-on-year to ₹24,034 crore, supported by strong demand for gold products. However, the company faces a setback on the government’s battery manufacturing PLI scheme. While Ola Electric and Reliance New Energy received extensions to complete their projects, Rajesh Exports was not granted a similar extension, with reports linking the decision to the ongoing SEBI investigation into governance-related issues. The stock continues to remain under close investor watch amid regulatory developments. Rajesh Exports has previously stated that it rejects allegations and maintains that its financial filings and reported revenues are genuine, while saying it is addressing the concerns raised in SEBI’s interim order through supporting documents and explanations.

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