Rajesh Exports Q1 Standalone Profit Falls to ₹12.4 Cr; Margins Sharply Contract

$RAJESHEXPO reported standalone net profit of ₹124 million for Q1, down from ₹176 million year-on-year. Revenue declined to ₹13.2 billion from ₹14.3 billion, while EBITDA plunged to ₹65 million from ₹500 million. EBITDA margin contracted sharply to 0.5% from 3.51%, reflecting pressure on profitability in the gold refining and jewellery business despite the company’s large-scale operations. Top stocks in the gems & jewellery industry: Titan Company, Kalyan Jewellers, and Senco Gold.