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Rolex Rings Ltd Q1FY24; 4% fall in Profits

Rolex Rings is a leading manufacturer of forged and machined components in India and is one of the top 5 forging companies in India. The company is a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways

Financial Results:

Rolex Rings Ltd reported Revenues for Q1FY24 of ₹311.00 Crores up from ₹285.00 Crore year on year, a rise of 9.12%.

Total Expenses for Q1FY24 of ₹249.00 Crores up from ₹231.00 Crores year on year, a rise of 7.79%.

Consolidated Net Profit of ₹48.00 Crores down 4.0% from ₹50.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹17.79, down 2.57% from ₹18.26 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Forging
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