Slides
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Update on earnings for Q3FY26 Rolex 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 and do 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 binding commitment 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. This Presentation 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 or implied, 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 all inclusive 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 difficult to 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 the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, 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. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections
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Q3FY26 financials and business developments
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Financial Performance - Quarterly 4 Revenues from Operations (₹ mn) 2,599 2,714 2,748 - 500.0 1,000.0 1,500.0 2,000.0 2,500.0 3,000.0 Q3FY25 Q2FY26 Q3FY26 551 692 750 20.9% 24.2% 25.7% - 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 Q3FY25 Q2FY26 Q3FY26 EBITDA (INR mn) EBITDA Margin % EBITDA (₹ mn) and margins* Operating PBT/ PAT (₹ mn)* 452 591 655 202 443 478 - 100.00 200.00 300.00 400.00 500.00 600.00 700.00 Q3FY25 Q2FY26 Q3FY26 Operating PBT (INR Mn) PAT (INR Mn) 52% 48% Bearing Rings Auto Components Revenues from Operations (excluding scrap and other operating income) for Q3FY26 47% 53% Exports Domestic Business development during Q3 FY26 • ~10% improvement in exports to Europe over Q2, / ~25% improvement over FY25 which was offset by ~10% downfall in exports to US over Q2/ ~30% down over F25 • Tariff hang over expected to be normal from Q1FY27 • Growth visibility in auto components, driven by order book from Europe • Added couple of new customers in Q3FY26 * Computed as EBITDA (including other Income and excluding exceptional items)/ Total Income
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Revenue mix by indicative end-user industries Revenues from operations (excluding scrap sales and other operating income) 45.0% 36.8% 38.2% 40.0% 42.5% 40.3% 46.5% 53.2% 27.4% 30.6% 29.6% 26.4% 24.1% 20.3% 17.1% 18.1% 26.3% 32.3% 26.8% 26.1% 27.8% 28.7% 28.7% 21.1% 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% 7.6% FY19 FY20 FY21 FY22 FY23 FY24 FY25 9MFY26 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% PV Industrial CV & HCV 2W BEV & Hybrid 5
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2,704 4,630 5,267 5,860 6,014 4,726 3,459 5,472 6,523 6,357 5,534 3,653 - 2,000.00 4,000.00 6,000.00 8,000.00 10,000.00 12,000.00 14,000.00 FY21* FY22 FY23 FY24 FY25 9MFY26 Inside India Outside India Key financials parameters . 6 Total Revenues from Operations (₹ mn) 1,123 2,403 2,800 2,770 2,691 2,214 18.1% 23.4% 23.4% 22.4% 22.7% 24.9% - 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.00 FY21* FY22 FY23 FY24 FY25 9MFY26 EBITDA (INR mn) EBITDA Margin % EBITDA (₹ mn) and margins PBT/ PAT (₹ mn) 752 1,944 2,430 2,417 2,263 1,926 870 1,319 1,981 1,560 1,740 1,412 0 500 1000 1500 2000 2500 3000 FY21* FY22 FY23 FY24** FY25** 9MFY26** Operating PBT (INR Mn) PAT (INR Mn) Operating Cash Flows & Capex (₹ mn) 2,449 2,030 471 (107) (539) (1,008) 0.69 0.37 0.06 (0.01) (0.05) (0.09) (1,500.00) (1,000.00) (500.00) - 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 FY21* FY22 FY23 FY24 FY25 H1FY26 Net Debt (INR mn) Net Debt: Equity Net Debt (₹ mn) and Net Debt: Equity Return 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 (%) 592 589 2,135 2,214 2,272 870 387 695 423 548 523 127 0 500 1000 1500 2000 2500 FY21* FY22 FY23 FY24 FY25 H1FY26 CFO (INR Mn) Capex (INR Mn) Note : Return on Equity = Profit After Tax / Total Equity; * indicates that numbers are based on Restated Financials; ** financials includes exceptional expenses; EBITDA % computed as EBITDA (including other Income and excluding exceptional items)/ Total Income 6,163 10,102 11,790 12,217 11,548 8,378
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Statement of Profit and Loss (Quarterly) . 7 Particulars (₹ mn) Q3FY26 Q3FY25 Y-o-Y % Q2FY25 Q-o-Q % Income Revenue from operations 2,748 2,599 2,714 Other income 174 39 144 Total income (I) 2,923 2,637 10.9% 2,857 2.3% Expenses Cost of raw materials and components consumed 1,147 1,248 1,383 Decrease/ (increase) in inventories of finished goods and work-in progress 267 55 (70) Employee benefits expense 169 169 186 Finance costs 1 2 8 Depreciation and amortization expense 94 97 93 Other expenses 590 614 666 Total expenses (II) 2,268 2,185 2,267 Profit before tax before exceptional items (III) = (I - II) 655 452 44.9% 591 10.8% Total tax expense (V) 153 64 148 Profit for the period (VI) = (III – IV-V) 478 202 136.6% 443 7.9%
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Statement of Profit and Loss . 8 Particulars (₹ mn) 9MFY26 FY25 FY24 FY23 FY22 FY21 FY20 Income Revenue from operations 8,378 11,548 12,218 11,790 10,102 6,163 6,660 Other income 474 285 151 193 114 34 93 Total income (I) 8,852 11,833 12,368 11,983 10,217 6,198 6,753 Expenses Cost of raw materials and components consumed 3,965 5,942 6,313 5,860 5,195 3,166 3,137 Decrease/ (increase) in inventories of finished goods and WIP 199 (96) (42) 139 (554) (292) 156 Employee benefits expense 531 689 644 592 588 519 527 Finance costs 11 24 27 101 204 117 322 Depreciation and amortization expense 277 404 326 269 256 254 265 Other expenses 1,943 2,607 2,683 2,593 2,584 1,682 1,626 Total expenses (II) 6,926 9,570 9,951 9,553 8,273 5,446 6,032 Profit before exceptional items and tax (III) = (I - II) 1,926 2,263 2,417 2,430 1,944 752 721 Exceptional items (IV) 24 186 320 - - - - Tax expense Current tax expenses 445 535 588 612 666 130 127 Adjustment of tax related to earlier periods - (176) - - - - - Deferred tax charge / (Credit) 44 (22) (52) (163) (41) (248) 64 Total tax expense (V) 489 337 537 449 625 (118) 191 Profit for the period (VI) = (III – IV – V) 1,412 1,740 1,560 1,981 1,319 870 529
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Balance Sheet - Snapshot . 9 Particulars (₹ mn) H1FY26 FY25 FY24 FY23 FY22 FY21 Assets Non-current assets Property, plant, and equip. 4,392 4,440 4,659 3,902 3,789 3,851 Capital work in progress 397 344 41 458 460 597 Right-of-use assets 0 0 0 0 0 0 Intangible assets 7 4 5 6 8 6 Financial assets a) Other financial assets 54 90 157 116 42 140 Income tax assets (net) 36 36 20 20 20 20 Other non-current assets 43 110 77 184 155 288 Current assets Inventories 2,624 2,440 2,405 2,556 2,617 1,711 Financial assets a) Loans 0 0 0 0 0 1 b) Trade receivables 1,867 1,927 2,176 2,285 2,305 1,708 c) Cash and cash equivalents 775 489 189 217 38 46 d) Bank balances other than c. 234 191 99 127 162 58 e) Other financial assets 55 46 43 76 104 68 f) Investments 3,019 2,610 1,075 - - - Current tax assets (net) - - 15 - - - Other current assets 158 95 249 186 152 195 Total assets 13,660 12,822 11,209 10,133 9,850 7,969 Particulars (₹ mn) H1FY26 FY25 FY24 FY23 FY22 FY21 Equity and liabilities Equity Equity share capital 272 272 272 272 272 240 Other equity 11,383 10,449 8,710 7,158 5,176 3,328 Total equity 11,656 10,721 8,982 7,430 5,448 3,567 Liabilities Non-current liabilities Financial liabilities a) Borrowings 0 0 0 0 205 323 b) Lease liabilities - 0 0 0 0 1 Income tax liabilities (net) 3 3 179 179 179 179 Deferred tax liab. (net) 403 368 390 445 608 324 Provisions 43 48 44 32 33 31 Current liabilities Financial Liabilities a) Borrowings 1 141 180 815 2,024 1,836 b) Lease liabilities 0 0 0 0 0 0 c) Trade payables 937 901 1,010 1,110 1,197 1,176 d) Other financial liabilities 72 74 66 47 58 434 Other liabilities 16 41 21 22 23 15 Provisions 514 516 329 7 8 7 Current tax liabilities (net) 15 8 6 45 67 75 Total liabilities 1,556 2,101 2,227 2,702 4,402 4,402 Total equity and liabilities 13,660 12,822 11,209 10,133 9,850 7,969
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. 10 For further information, please contact: Mr. Hiren Doshi – Chief Financial Officer +91 281 6699 577/ 677 info@rolexrings.com Contact Us