Rolex Rings Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 20, 2024 at 08:44 am
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Rolex Rings Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 3,163.38 million compared to INR 2,994.84 million a year ago. Revenue was INR 3,206.5 million compared to INR 2,997.32 million a year ago. Net income was INR 236.21 million compared to INR 464.07 million a year ago. Basic earnings per share from continuing operations was INR 8.67 compared to INR 17.04 a year ago. Diluted earnings per share from continuing operations was INR 8.67 compared to INR 17.04 a year ago.
For the full year, sales was INR 12,217.55 million compared to INR 11,789.53 million a year ago. Revenue was INR 12,368.19 million compared to INR 11,932.54 million a year ago. Net income was INR 1,560.38 million compared to INR 1,980.92 million a year ago. Basic earnings per share from continuing operations was INR 57.3 compared to INR 72.74 a year ago. Diluted earnings per share from continuing operations was INR 57.3 compared to INR 72.74 a year ago.
Rolex Rings Limited is an India-based forging company, which is primarily engaged in the manufacturing of forged and machined bearing rings and automotive components. The Company operates through the diversified auto components segment. The Companyâs products include transmission components product, including gear blanks, ring gear, sun and pinion, shafts, and lock nut; engine components, including pulley, cam lobs and other forged components; chassis components, including wheel hubs, Gen2 and Gen3 bearing components, output shafts and constant velocity joints (CVJ) components; bearing rings, and exhaust system components, including flanges, bio cones and tulip. Its product applications include two-wheeler, three-wheeler, four-wheeler, industrial, railways, off-highway, earth-moving, windmill, textile, electrical, defense, power, aerospace, marine, oil and natural gas. Its facilities include raw material, heat treatment, machining, rolling, grinding, surface treatment and forging.