Rajnish Retail Ltd has announced financial results for the quarter ended June 30, 2024. In the first quarter of the financial year 2024-25,  the revenue from operations was reported at Rs 1333.67 lakh, a growth of 231 per cent QoQ. 

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EBITDA jumped 49 per cent QoQ, from Rs 45.97 Lakhs (Q4FY24) to Rs 68.69 Lakhs (Q1FY25). PAT grew 61 per cent QoQ and was reported at Rs. 51.52 Lakhs (Q1FY25).

According to the company, its expansion into new markets and the introduction of diverse product lines have been pivotal in driving its success. 

Earlier, the board approved a sub-division of 1 equity share into 5 equity shares, subject to approval. The record date for the sub-division of equity shares will be decided by the Board and intimated to the stock exchanges after receipt of approval of the members.

The board further approved the offer, issue and allotment of up to 6,90,000 convertible warrants, each convertible at an issue price that may be decided by the preferential issue committee to promoters and/or non-promoters through the preferential issue, subject to the approval of the shareholders and other authorities under applicable laws.