Rolex Rings' consolidated net profit declined 49.1% to Rs 23.62 crore in Q4 FY24 as compared with Rs 46.41 crore in Q4 FY23.
Revenue from operations rose 5.63% year on year (YoY) to Rs 316.34 crore in the fourth quarter of FY24.Profit before tax and exceptional itmes increased 11.01% to Rs 63.37 crore in March 2024 quarter from Rs 57.09 crore in same quarter last year.
Exceptional items during the quarter stood at Rs 32 crore, a provision accounted towards probable demand against waiver of the ROR rights.
EBITDA grew 17.59% to Rs 76.2 crore in fourth quarter of FY24 from Rs 64.8 crore in Q4 FY23. EBITDA margin improved to 23.8% in Q4 FY24 as against 21.6% in corresponding quarter previous fiscal.
On a full year basis, the companys consolidated net profit fell 21.23% to Rs 156.04 crore on 3.63% rise in revenue from operations to Rs 1,221.76 crore in FY24 over FY23.
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Gujarat-based Rolex Rings manufactures forged and machined components in India.
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