Rolex Rings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
ROLEXRINGS · price
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Rolex Rings reported June 2025 quarter (Q1 FY26) revenue from operations of ₹2,915.83 million, down about 6.2% from ₹3,107.81 million in the same quarter last year. Net profit stood at ₹491.56 million, slightly lower than ₹499.09 million in Q1 FY25, while EPS was ₹18.05 versus ₹18.33. The company's auditor (S R B C & Co LLP) gave a qualified review report, flagging an unresolved demand notice of ₹2,278.60 million from a consortium of banks linked to a 2013 CDR (Corporate Debt Restructuring) settlement. The company has only provisioned ₹506 million against this claim and is in negotiations. Management also disclosed that US tariff uncertainties are being monitored but no material impact is seen currently.
Mixed signals for shareholders — operating performance is largely steady but revenue slipped year-on-year. The bigger overhang is the large unresolved bank demand (₹2,278.60 million), with the auditor flagging a qualified opinion, which keeps a risk cloud over the stock until negotiations are settled.