Rolex Rings shares surge over 16% following Q4 results

Rolex Rings saw its shares surge by over 16% after announcing its fourth-quarter results.

As of 10:40 AM, the shares were trading 16.48% higher at ₹2,625.00 on the NSE.

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The company’s standalone quarterly numbers showed mixed results. Net sales increased by 5.63%, reaching Rs 316.34 crore in March 2024 compared to Rs 299.48 crore in March 2023. However, quarterly net profit saw a significant drop, falling by 49.1% to Rs 23.62 crore from Rs 46.41 crore in the same period last year.

On a positive note, EBITDA rose by 17.54%, standing at Rs 76.21 crore in March 2024, up from Rs 64.84 crore in March 2023. Despite this, the earnings per share (EPS) decreased to Rs 8.67 in March 2024 from Rs 17.04 in March 2023.