Q2 FY26 results: revenue down 9.6%, auditor flags qualified review on bank demand
ROLEXRINGS · price
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Rolex Rings posted Q2 FY26 revenue of INR 2,714 million, down 9.6% YoY. H1 revenue dipped 7.9% to INR 5,630 million with PAT of INR 935 million versus INR 992 million. The company completed a 1:10 stock split and cleared reclassification of a promoter group member to public. Auditor SRBC issued a qualified review citing a INR 2,279 million bank demand notice over a 2013 CDR settlement; company has provisioned INR 506 million. Qualification continues from prior periods.
Mixed read: revenue and profit slipped YoY. Recurring audit qualification over a INR 2,279 million bank demand is a key overhang. 1:10 stock split improves liquidity.