Rolex Rings Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 03:15 am EST
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Rolex Rings Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,207.77 million compared to INR 2,874.31 million a year ago. Revenue was INR 3,245.95 million compared to INR 2,928.54 million a year ago. Net income was INR 469.63 million compared to INR 491.79 million a year ago. Basic earnings per share from continuing operations was INR 17.24 compared to INR 18.06 a year ago. Diluted earnings per share from continuing operations was INR 17.24 compared to INR 18.06 a year ago.
For the six months, sales was INR 6,321.03 million compared to INR 5,721.33 million a year ago. Revenue was INR 6,382.86 million compared to INR 5,844.16 million a year ago. Net income was INR 954 million compared to INR 988.95 million a year ago. Basic earnings per share from continuing operations was INR 35.03 compared to INR 36.31 a year ago. Diluted earnings per share from continuing operations was INR 35.03 compared to INR 36.31 a year ago.
Rolex Rings Limited is an India-based forging company that 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, biocones 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.