Rolex Rings Ltd posts net profit of Rs. 49.17 crores in Q2FY23

Rolex Rings Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 295.135 crores during the period ended September 30, 2022 as compared to Rs. 293.639 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 49.179 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 49.716 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 18.06 for the period ended September 30, 2022 as compared to Rs. 18.26 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 295.135 crs	₹293.639 crs	0.51%
Net Profit	₹49.179 crs	₹49.716 crs	-1.08%
EPS	₹18.06	₹18.26	-1.10%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 295.135 crores during the period ended September 30, 2022 as compared to Rs.259.432 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.49.179 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.32.690 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.18.06 for the period ended September 30, 2022 as compared to Rs.12.12 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 295.135 crs	₹259.432 crs	13.76%
Net Profit	₹49.179 crs	₹32.690 crs	50.44%
EPS	₹18.06	₹12.12	49.01%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.588.774 crores during the 6 Months period ended September 30, 2022 as compared to Rs.490.540 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.98.895 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.63.008 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.36.31 for the 6 Months period ended September 30, 2022 as compared to Rs.23.55 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹588.774 crs	₹490.540 crs	20.03%
Net Profit	₹98.895 crs	₹63.008 crs	56.96%
EPS	₹36.31	₹23.55	54.18%

Shares of Rolex Rings Limited was last trading in BSE at Rs. 1995.50 as compared to the previous close of Rs. 1972.90. The total number of shares traded during the day was 2765 in over 825 trades.

The stock hit an intraday high of Rs. 2023.70 and intraday low of 1978.90. The net turnover during the day was Rs. 5539955.00.

Source : Equity Bulls

Keywords

RolexRings Q2FY23 H1FY23 ResultUpdate