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Rolex Rings Ltd Q2FY24; 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 Q2FY24 of ₹321.00 Crores up from ₹287.00 Crore year on year, a rise of 11.85%.

Total Expenses for Q2FY24 of ₹261.00 Crores up from ₹233.00 Crores year on year, a rise of 12.02%.

Consolidated Net Profit of ₹47.00 Crores down 4.08% from ₹49.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹17.24, down 4.54% from ₹18.06 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.

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