Rolex Rings (ROLEXRINGS) Q3 25/26 earnings summary

Executive summary

• Q3 FY 2026 revenue reached INR 2,748 million, up 10.9% year-over-year and 2.3% sequentially, with strong auto component growth and new customers added.

• PAT for Q3 FY 2026 was INR 478 million, a 136.6% increase year-over-year, impacted by a one-time INR 24.46 million charge due to new labor codes.

• Export sales to Europe improved by about 10% over Q2 and 25% over FY25, while US exports declined by 10% sequentially and 30% year-over-year.

• Standalone unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and released following a board meeting on February 9, 2026.

• A stock split was implemented, changing the face value of shares from INR 10 to INR 1, effective October 17, 2025.

Financial highlights

• Q3 FY 2026 revenue: INR 2,748 million; Q2: INR 2,710 million; Q3 FY 2025: INR 2,598.82 million.

• EBITDA for Q3 FY 2026 was INR 750 million (25.7% margin), up from INR 692 million (25.7%) in Q2.

• PAT for Q3 FY 2026 was INR 478 million; Q2: INR 440 million; Q3 FY 2025: INR 201.87 million.

• 9M FY 2026 revenue: INR 8,378 million (operations), INR 8,851.84 million (including other income); PAT: INR 1,412.47 million.

• Basic and diluted EPS for Q3 FY 2026 was INR 1.75, restated for the stock split.

Outlook and guidance

• FY 2026 revenue expected to be flat versus FY 2025; FY 2027 guidance is 15%-18% growth, driven by tariff reductions and new orders.

• U.S. market recovery anticipated from Q1 FY 2027 as tariffs normalize.

• Capacity utilization expected to rise from 60%-63% to 72%-75% in FY 2027.

• 3-5 year CAGR growth expected at 12%-14%, with plans to double revenue by FY 2030.

• Management continues to monitor regulatory changes and ongoing negotiations with banks regarding legacy liabilities.