Mumbai, Feb. 15 -- Revenue from operations slipped 30.69% year on year to Rs 65,476.89 crore in the quarter ended 31 December 2023.

Profit before tax in Q3 FY24 was at Rs 12.67 crore, registering a de-growth of 97% from Rs 423.14 crore recorded in the corresponding quarter previous year.

Total expenses tumbled 30.38% YoY to Rs 65,476.25 crore in Q3 FY24. Cost of material consumed stood at Rs 65,434.51 crore (down 30.33%YoY) and employee benefit expenses stood at Rs 41.46 crore (down 29.87%YoY).

On nine months basis, the company's consolidated net profit slumped 65.57% to Rs 367.1 crore on 15.61% decline in revenue to Rs 1,89,231.39 crore in 9M FY24 over 9M FY23.

Rajesh Exports is one of the largest manufacturers of gold products in th...