Rolex Rings (ROLEXRINGS) Q1 23/24 earnings summary

Executive summary

• Standalone unaudited financial results for the quarter ended June 30, 2023, were approved and reviewed by the Board and Audit Committee on August 10, 2023.

Financial highlights

• Revenue from operations for Q1 FY24 was ₹3,113.26 million, up from ₹2,847.03 million in Q1 FY23 and ₹2,994.84 million in Q4 FY23.

• Net profit after tax for Q1 FY24 was ₹484.37 million, compared to ₹497.16 million in Q1 FY23 and ₹464.07 million in Q4 FY23.

• Total comprehensive income for Q1 FY24 stood at ₹484.65 million.

• Basic and diluted EPS for Q1 FY24 was ₹17.79, compared to ₹18.26 in Q1 FY23 and ₹17.04 in Q4 FY23.

Key financial ratios and metrics

• Gross margin improved as revenue growth outpaced increases in raw material and other expenses year-over-year.

• Paid-up equity share capital remained at ₹272.33 million.