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Rolex Rings (ROLEXRINGS) investor relations material
Rolex Rings Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY26 revenue declined due to U.S. tariff hikes and export slowdowns, but domestic and European markets showed resilience and growth, especially in bearing rings.
U.S. import duties on Indian goods rose to 53% in Q2, with a 25% customs duty waiver effective November 2025 and further reductions possible pending a trade deal.
Management expects U.S. business to recover from December 2025, with strong growth anticipated in FY27 and FY28 as new orders ramp up.
Standalone unaudited financial results for the quarter and half year ended September 30, 2025, were approved and released.
A 9MW solar plant is expected to be operational by December 2025, supporting sustainability initiatives.
Financial highlights
Q2 FY26 revenue from operations was ₹2,713.83 million (INR 272 crores), down 7% sequentially and 9% year-over-year.
EBITDA for Q2 was ₹680 million (INR 69 crores), margin at 25.1%-26%.
PAT for Q2 was ₹443.38 million (INR 44 crores), down 10% sequentially and 9.9% year-over-year.
H1 FY26 revenue was ₹5,630 million (INR 563 crores); operating cash flow for six months was ₹1,123 million (INR 87 crores).
EPS for Q2 FY26 stood at ₹1.73, compared to ₹1.81 in Q2 FY25.
Outlook and guidance
FY26 is expected to be flat or show marginal growth due to nine months of U.S. export disruption; strong growth is expected in FY27 and FY28 as new programs and orders commence.
Domestic demand, especially in bearing rings, is improving, while European business shows sequential growth.
Management remains bullish on regaining U.S. market share and expects incremental revenue from December 2025 onward.
Anticipated cost savings and sustainability benefits from the upcoming solar plant.
Management continues discussions with banks regarding a significant demand notice and provisioned ₹506 million for potential liability.
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