Rolex Rings (ROLEXRINGS) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 revenue from operations reached INR 2,748 million, up 10.9% year-over-year and 2.3% sequentially, with strong domestic and European growth but continued U.S. weakness due to tariff uncertainties.

• Profit after tax for Q3 FY26 was INR 478 million, a 136.6% increase year-over-year and 7.9% higher sequentially.

• New customers were onboarded in both auto components and bearing rings, supporting future growth.

• Standalone unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and released following a board meeting on February 9, 2026.

Financial highlights

• Q3 FY26 EBITDA was INR 750 million (25.7% margin), up from INR 692 million (25.7%) in Q2 and INR 655 million (24.2%) in Q3 FY25.

• PAT for Q3 FY26 was INR 478 million, compared to INR 440 million in Q2 and INR 201.87 million in Q3 FY25.

• Nine-month revenue from operations was INR 8,378 million, with gross revenue including other income at INR 8,851.84 million; PAT for nine months was INR 1,412.47 million.

• Basic and diluted EPS for Q3 FY26 was INR 1.75, restated for the stock split.

Outlook and guidance

• FY 2026 revenue is expected to be flat versus FY 2025, with 15%-18% growth targeted for FY 2027 as U.S. tariffs normalize and new programs ramp up.

• Capacity utilization is expected to rise from 60%-63% to 72%-75% in FY 2027.

• Three-to-five-year CAGR is projected at 12%-14%, with a plan to double revenue by FY 2030.

• Management continues to monitor regulatory changes and ongoing negotiations with banks regarding legacy liabilities.