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Rolex Rings Ltd Q4FY24; 48% 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 Q4FY24 of ₹316.00 Crores up from ₹299.00 Crore year on year, a rise of 5.69%.

Total Expenses for Q4FY24 of ₹257.00 Crores up from ₹242.00 Crores year on year, a rise of 6.2%.

Consolidated Net Profit of ₹24.00 Crores down 47.83% from ₹46.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹8.67, down 49.12% from ₹17.04 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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