The company reported a positive set of earnings across all key parameters.
Net profit for the June quarter came in at ₹60 crore, up 22.5% from the previous year’s figure of ₹49 crore.
Revenue increased by 4.4% for the June quarter to ₹304.3 crore from ₹291.5 crore last fiscal.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased 11.7% to ₹68.7 crore from ₹61.5 crore last year.
EBITDA margin expanded to 22.5% from 22.1% in the year-ago period.
In the previous quarter, Rolex Rings had reported a net loss of ₹0.15 crore compared to a profit of ₹54.64 crore in the prior year. The same was due to the exceptional RoR charge.
Its revenue in the March quarter had risen 8% to ₹305.69 crore from ₹283.89 crore in the previous year, while its EBITDA was up 8% as well at ₹56.23 crore from ₹52.22 crore.
Its margins in the fourth quarter were unchanged at 18.4% from the year-ago period.
Shares of Rolex Rings are trading 4.3% higher, having cooled off from post-earnings high at ₹147.48. The stock is up 15% so far this year.
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