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Rolex Rings Ltd Q3FY24; 30% 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 Q3FY24 of ₹273.00 Crores down from ₹307.00 Crore year on year, a fall of 11.07%.

Total Expenses for Q3FY24 of ₹228.00 Crores down from ₹250.00 Crores year on year, a fall of 8.8%.

Consolidated Net Profit of ₹37.00 Crores down 30.19% from ₹53.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹13.59, down 29.88% from ₹19.38 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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