Rolex Rings has released its Q2 FY25 financial results, showing a decline in revenue on a year-over-year (YoY) basis but a modest rise in net profit. Here are the key highlights:
Financial Highlights
- Revenue: The company reported revenue from operations of ₹300.27 crore for Q2 FY25, down 7.5% from ₹320.78 crore in Q2 FY24. On a quarter-over-quarter (QoQ) basis, revenue fell by 3.4% from ₹310.76 crore in Q1 FY25.
- Profit Before Tax (PBT): Rolex Rings recorded a PBT of ₹65.14 crore, reflecting a 3% YoY increase from ₹63.28 crore in Q2 FY24. QoQ, PBT declined slightly by 2.2% from ₹66.59 crore in Q1 FY25.
- Net Profit: Net profit for Q2 FY25 stood at ₹49.26 crore, representing a 4.9% increase from ₹46.96 crore in the corresponding quarter of the previous year. However, compared to Q1 FY25, net profit decreased by 1.5% from ₹49.99 crore.
Rolex Rings’ YoY improvement in profitability amidst a revenue decline highlights the company’s efforts in maintaining profitability despite lower sales figures, possibly by managing operational efficiencies or controlling costs effectively.
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Rolex rings