Rolex Rings revenue rises 40%, profit rises 67% in Q2

Rolex Rings Limited reported revenue from operations of Rs 380.183 crore for the quarter ended September 30, 2026, up 40% from a year earlier, while profit after tax rose 67% to Rs 73.938 crore. The September-quarter result followed first-half revenue growth of 23% and a 43% increase in first-half profit after tax.

How did Rolex Rings perform in the September quarter?

Rolex Rings’ revenue from operations increased to Rs 380.183 crore in the quarter ended September 30, 2026, from Rs 271.383 crore in the corresponding quarter of 2025. Total income, including other income of Rs 15.172 crore, rose to Rs 395.355 crore from Rs 285.741 crore in the year-earlier quarter.

Profit before tax rose to Rs 99.632 crore from Rs 59.091 crore, while profit after tax increased to Rs 73.938 crore from Rs 44.338 crore. The 67% rise in profit after tax exceeded the 40% increase in revenue. Basic and diluted earnings per share, which the company said were not annualised, were Rs 2.78 against Rs 1.63 a year earlier.

Rolex Rings also improved sequentially from the quarter ended June 30, 2026. Revenue from operations rose from Rs 304.337 crore in the June quarter to Rs 380.183 crore in the September quarter, while profit after tax increased from Rs 60.140 crore to Rs 73.938 crore. Profit before tax similarly rose from Rs 79.284 crore to Rs 99.632 crore over the two quarters.

What changed in Rolex Rings’ income and expenses?

Rolex Rings generated total income of Rs 395.355 crore in the September 2026 quarter against total expenses of Rs 304.723 crore, leaving profit from operations before tax of Rs 99.632 crore. In the September 2025 quarter, total income was Rs 285.741 crore and total expenses were Rs 226.650 crore, resulting in profit before tax of Rs 59.091 crore.

The difference between total income and total expenses expanded by Rs 40.541 crore year on year. Tax expense rose to Rs 25.694 crore from Rs 14.753 crore, but profit after tax still increased by Rs 29.600 crore. Other income increased to Rs 15.172 crore from Rs 14.358 crore in the comparable quarter.

The filing states that Rolex Rings accounted for income during the September 2026 quarter towards a refund of US tariffs levied under the International Emergency Economic Powers Act. It does not disclose the value of that income. The filing therefore does not allow revenue or profit growth to be divided between this item and operating activity.

Rolex Rings reports one business segment, diversified auto components, and does not provide separate results for products, customers or geographies under Indian Accounting Standard 108, or Ind AS 108. The results for the quarter and half year ended September 30, 2026 were reviewed by the audit committee and approved by the board on November 4, 2026.

How did Rolex Rings perform in the first half?

Rolex Rings’ revenue from operations for the half year ended September 30, 2026 increased to Rs 693.520 crore from Rs 562.966 crore in the first half of the preceding year. Total income rose to Rs 728.528 crore from Rs 592.930 crore, including other income of Rs 35.008 crore compared with Rs 29.964 crore.

First-half profit before tax grew to Rs 178.946 crore from Rs 127.088 crore, and profit after tax rose to Rs 134.078 crore from Rs 93.494 crore. The Rs 40.584 crore increase in first-half profit after tax represents growth of about 43%. Earnings per share were Rs 4.99, compared with Rs 3.43, and were not annualised.

For the year ended March 31, 2026, Rolex Rings reported revenue from operations of Rs 1,143.495 crore and profit after tax of Rs 141.098 crore. That annual statement included exceptional items of Rs 51.641 crore, whereas the September 2026 quarter and half-year statements do not show an exceptional item.

What changed in Rolex Rings’ balance sheet and cash position?

Rolex Rings reported total assets of Rs 1,372.885 crore as of September 30, 2026, compared with Rs 1,371.146 crore at March 31, 2026. Non-current assets declined to Rs 519.187 crore from Rs 523.058 crore, while current assets increased to Rs 853.808 crore from Rs 848.088 crore.

Inventories increased to Rs 299.010 crore at September 30, 2026 from Rs 234.984 crore at March 31, 2026. Trade receivables rose to Rs 266.847 crore from Rs 219.627 crore, while cash and cash equivalents increased to Rs 72.980 crore from Rs 69.306 crore. Total current liabilities rose to Rs 151.425 crore from Rs 102.666 crore.

Rolex Rings concluded the buyback of 1 crore equity shares during the September quarter at Rs 180 a share. The buyback was approved by the board on April 23, 2026 and by shareholders through a postal ballot on May 31, 2026. Total cash outflow, including transaction costs, was Rs 182.146 crore, including transaction costs of Rs 2.146 crore.

Paid-up equity share capital declined to Rs 26.233 crore at September 30, 2026 from Rs 27.233 crore at March 31, 2026 following the buyback. Total equity was Rs 1,165.695 crore, compared with Rs 1,213.577 crore at the March year-end. The 1 crore shares bought back represented 3.76% of paid-up equity share capital and were acquired from eligible shareholders other than promoters, the promoter group and persons in control.

Conclusion

Rolex Rings delivered faster profit growth than revenue growth in the September 2026 quarter, with profit after tax rising 67% to Rs 73.938 crore as revenue from operations increased 40% to Rs 380.183 crore. The first-half trend was similar: revenue increased by Rs 130.554 crore and profit after tax by Rs 40.584 crore from the corresponding six-month period of 2025.

The next disclosures to watch are those that clarify the unquantified income booked from the US tariff refund and track balance-sheet movements after the Rs 182.146 crore buyback. Inventories of Rs 299.010 crore and trade receivables of Rs 266.847 crore at September 30, 2026 were both higher than their March 31, 2026 levels.