Rolex Rings Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 12:41 pm
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Rolex Rings Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,994.84 million compared to INR 2,876.33 million a year ago. Revenue was INR 2,997.32 million compared to INR 2,937.61 million a year ago. Net income was INR 464.07 million compared to INR 390.63 million a year ago. Basic earnings per share from continuing operations was INR 17.04 compared to INR 14.34 a year ago. Diluted earnings per share from continuing operations was INR 17.04 compared to INR 14.34 a year ago.
For the full year, sales was INR 11,789.53 million compared to INR 10,102.31 million a year ago. Revenue was INR 11,982.54 million compared to INR 10,216.55 million a year ago. Net income was INR 1,980.92 million compared to INR 1,318.79 million a year ago. Basic earnings per share from continuing operations was INR 72.74 compared to INR 50.23 a year ago. Diluted earnings per share from continuing operations was INR 72.74 compared to INR 48.83 a year ago.
Rolex Rings Limited is an India-based forging company that is primarily engaged in the manufacturing of forged and machined bearing rings and automotive components. The Company operates through the diversified auto components segment. The Companyâs products include transmission components product, including gear blanks, ring gear, sun and pinion, shafts and lock nut; engine components, including pulley, cam lobs and other forged components; chassis components, including wheel hubs, Gen2 and Gen3 bearing components, output shafts and constant velocity joints (CVJ) components; bearing rings, and exhaust system components, including flanges, biocones and tulip. Its product applications include two-wheeler, three-wheeler, four-wheeler, industrial, railways, off-highway, earth-moving, windmill, textile, electrical, defense, power, aerospace, marine, oil and natural gas. Its facilities include raw material, heat treatment, machining, rolling, grinding, surface treatment and forging.