Slides
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Update on earnings for Q1FY26Rolex Rings Limited
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Safe Harbor . 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rolex Rings Ltd (the “Company”), have been prepared solely for information purposes anddo not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or bindingcommitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. ThisPresentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express orimplied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be allinclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficultto predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of theindustry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technologicalimplementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. TheCompany’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Companyassumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in thisPresentation are not adopted by the Company and the Company is not responsible for such third party statements and projections
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Q1FY26 financials and business developments
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Financial Performance - Quarterly . 4 Revenues from Operations (₹ mn)3,1082,8392,916 - 500.0 1,000.0 1,500.0 2,000.0 2,500.0 3,000.0 3,500.0Q1FY25 Q4FY25 Q1FY2676462177224.6%21.9%26.5% - 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 900.00Q1FY25 Q4FY25 Q1FY26EBITDA (INR mn)EBITDA Margin %EBITDA (₹ mn) and marginsOperating PBT/ PAT (₹ mn)*666493680499546492 - 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00Q1FY25 Q4FY25 Q1FY26Operating PBT (INR Mn)PAT (INR Mn) 46%54%Bearing RingsAuto ComponentsRevenues from Operations (excluding scrap and other operating income) for Q1FY2647%53%ExportsDomesticBusiness development during Q1 FY26•We continue to see subdued demand in bearingrings especially in overseas markets;•No immediate impact on Tariffs as goods in transitare exempt from tariffs; discussions with customerson next steps ongoing•Domestic business continues to show traction;witnessing improving in Europe while we expect USto remain weak
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Revenue mix by indicative end-user industriesRevenues from operations (excluding scrap sales and other operating income)45.0%36.8%38.2%40.0%42.5%40.3%46.5%50.2%27.4%30.6%29.6%26.4%24.1%20.3%17.1%16.4%26.3%32.3%26.8%26.1%27.8%28.7%28.7%25.5% 1.2%0.3%1.3%0.5%0.0%0.0%0.0%0.2%0.2%4.1%7.1%5.6%10.8%7.7%7.9%FY19FY20FY21FY22FY23FY24FY25Q1FY26 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% PVIndustrialCV & HCV2WBEV & Hybrid5
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2,7044,6305,2675,8606,0141,6523,4595,4726,5236,3575,5341,263 - 2,000.00 4,000.00 6,000.00 8,000.00 10,000.00 12,000.00 14,000.00FY21* FY22 FY23 FY24 FY25 Q1FY26Inside IndiaOutside IndiaKey financials parameters . 6 Total Revenues from Operations (₹ mn) 1,1232,4032,8002,7702,69177218.1%23.4% 23.4%22.4%23.0%26.5% - 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00FY21* FY22 FY23 FY24 FY25 Q1FY26EBITDA (INR mn)EBITDA Margin %EBITDA (₹ mn) and marginsPBT/ PAT (₹ mn)7521,9442,4302,4172,2636808701,3191,9811,5601,740492050010001500200025003000FY21* FY22 FY23 FY24** FY25** Q1FY26Operating PBT (INR Mn)PAT (INR Mn)Operating Cash Flows & Capex (₹ mn) 2,5772,4492,030471(107)(539)0.950.690.370.06(0.01)(0.05) (1,000.00) (500.00) - 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00FY20* FY21* FY22 FY23 FY24 FY25Net Debt (INR mn) Net Debt: EquityNet Debt (₹ mn) and Net Debt: EquityReturn on Equity (%)20%24%24%27%17%16%10.00%12.00%14.00%16.00%18.00%20.00%22.00%24.00%26.00%28.00%FY20* FY21* FY22 FY23 FY24** FY25**RoE (%) 1,8385925892,1352,2142,272161387695423548523 - 500.00 1,000.00 1,500.00 2,000.00 2,500.00FY20* FY21* FY22 FY23 FY24 FY25CFO (INR Mn)Capex (INR Mn)Note : Return on Equity = Profit After Tax / Total Equity; * indicates that numbers are based on Restated Financials; **FY24 & FY25 financials includes exceptional expenses of INR 320 million and INR 186 million respectively 6,16310,10211,79012,21711,5482,916
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Statement of Profit and Loss (Quarterly) . 7 Q-o-Q%Q4FY25Y-o-Y%Q1FY25Q1FY26Particulars (₹ mn)Income2,839 3,108 2,916 Revenue from operations99 53 156 Other income4.6%2,938 (2.8%)3,160 3,072 Total income (I)Expenses1,567 1,573 1,435 Cost of raw materials and components consumed(56)14 2 Decrease/ (increase) in inventories of finished goods and work-in progress169 171 176 Employee benefits expense11 4 2 Finance costs116 94 90 Depreciation and amortization expense637 638 686 Other expenses2,444 2,494 2,392 Total expenses (II)37.8%493 2.1%666 680 Profit before tax before exceptional items (III) = (I - II)---Exceptional Items (IV)(53)167 188 Total tax expense (V)(10.0%)546 (1.5%)499 492 Profit for the period (VI) = (III – IV-V)
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Statement of Profit and Loss . 8 FY20FY21FY22FY23FY24FY25Q1FY26Particulars (₹ mn)Income6,660 6,163 10,102 11,790 12,218 11,5482,916 Revenue from operations93 34 114 193 151 285156 Other income6,753 6,198 10,217 11,983 12,368 11,8333,072 Total income (I)Expenses3,137 3,166 5,195 5,860 6,313 5,942 1,435 Cost of raw materials and components consumed156 (292)(554)139 (42)(96)2 Decrease/ (increase) in inventories of finished goods and WIP527 519 588 592 644 689 176 Employee benefits expense322 117 204 101 27 24 2 Finance costs265 254 256 269 326 404 90 Depreciation and amortization expense1,626 1,682 2,584 2,593 2,683 2,607686 Other expenses6,032 5,446 8,273 9,553 9,951 9,5702,392 Total expenses (II)721 752 1,944 2,430 2,4172,263680 Profit before exceptional items and tax (III) = (I - II)----320 186-Exceptional items (IV)Tax expense127 130 666 612 588 535156Current tax expenses-----(176)-Adjustment of tax related to earlier periods64 (248)(41)(163)(52)(22)33Deferred tax charge / (Credit)191 (118)625 449 537 337 188Total tax expense (V)529 870 1,319 1,981 1,5601,740 492Profit for the period (VI) = (III – IV – V)
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Balance Sheet - Snapshot . 9 FY20FY21FY22FY23FY24FY25Particulars (₹ mn)AssetsNon-current assets3,9023,851 3,7893,9024,659 4,440 Property, plant, and equip.458597 46045841 344 Capital work in progress00 000 0Right-of-use assets66 8654 Intangible assetsFinancial assets25-----a) Loans341404211615790 b) Other financial assets2020202020 36 Income tax assets (net)11128815518477110 Other non-current assetsCurrent assets1,3061,7112,6172,5562,405 2,440 InventoriesFinancial assets31 1 0000a) Loans1,277 1,708 2,305 2,285 2,176 1,927 b) Trade receivables12 46 38 217 189 489 c) Cash and cash equivalents152 58 162 127 99191 d) Bank balances other than c.60 68 104 76 4346 e) Other financial assets----1,0752,610 f) Investments----15 -Current tax assets (net)92 195 152 186 24995 Other current assets6,862 7,969 9,850 10,133 11,209 12,822 Total assets FY20FY21FY22FY23FY24FY25Particulars (₹ mn)Equity and liabilitiesEquity240 240 272 272 272 272 Equity share capital2,441 3,328 5,176 7,158 8,710 10,449 Other equity2,681 3,567 5,448 7,430 8,982 10,721 Total equityLiabilitiesNon-current liabilitiesFinancial liabilities442 323 205000a) Borrowings1 1 0 0 00b) Lease liabilities179 179 179 179 179 3 Income tax liabilities (net)569 324 608 445 390368 Deferred tax liab. (net)31 31 33 32 44 48 ProvisionsCurrent liabilitiesFinancial Liabilities1,939 1,836 2,024815180141 a) Borrowings0 0 0000 b) Lease liabilities738 1,176 1,1971,1101,010901c) Trade payables261 434 58476674d) Other financial liabilities8 15 23222141Other liabilities7 7 87329516 Provisions3 75 6745672Current tax liabilities (net)4,181 4,402 4,402 2,702 2,2272,101 Total liabilities6,862 7,969 9,850 10,133 11,20912,822 Total equity and liabilities
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. 10For further information, please contact:Mr. Hiren Doshi – Chief Financial Officer+91 281 6699 577/ 677info@rolexrings.comContact Us