Rolex Rings (ROLEXRINGS) investor relations material

Executive summary

• Q1 FY27 revenue from operations was INR 304 crore (₹3,043.37 million), up 4.3% year-over-year, driven by strong export auto component growth despite temporary labor shortages that normalized by June 2026.

• Export sales now constitute over half of component sales, with export auto components driving growth and new programs ramping up.

• A INR 180 crore buyback was completed, with promoters not participating, making the company fully debt-free and clearing all legacy CDR obligations.

• Standalone unaudited financial results for the quarter ended June 30, 2026, were approved and reviewed by the Board and auditors.

• Guidance for the remainder of FY27 is mid-teen growth, supported by normalized operations and robust order book.

Financial highlights

• Q1 FY27 total revenue: INR 304 crore (₹3,043.37 million), up 4.3% YoY; auto components revenue: INR 163 crore (+13.5% YoY); bearing rings revenue: INR 118 crore (-6% YoY).

• EBITDA for Q1 FY27 was INR 69 crore, up 12% YoY, with EBITDA margin at 22.6% (up 100-150 bps YoY).

• Profit after tax grew 22% YoY to INR 60 crore, with PAT margin at 19.8% (up 290 bps YoY); EPS: INR 2.21 (+22% YoY, restated for stock split).

• Gross margin improved to 56% (+490 bps YoY) due to favorable product mix and cost control.

• Company is fully debt-free and holds cash surpluses.

Outlook and guidance

• Mid-teen revenue growth guidance for FY27, with potential for 20% growth in FY28.

• EBITDA margin expected to remain in the 21%-22% range for FY27, with a possible 50 bps increase in FY28.

• Utilization targeted to rise from 63%-65% to 70%-72% by year-end.

• Overseas demand, especially in automotive, is rebounding, and US business is stabilizing despite tariffs.

• Continued expansion in Europe and new customer engagement in EV and conventional platforms.