Rolex Rings Net Profit Jumps 66.8% YoY to ₹73.9 Crore in Q2-27

Key numbers

Market Cap	₹4,595.89 CrMid-cap
P/E Ratio	30.22Sector PE: 31.73
Promoter Holding	54.24%5.13% Pledged
RSI	49.27Neutral Zone

Key highlights

• Net profit surged 66.8% year-on-year to ₹73.9 crore compared to ₹44.3 crore in the year-ago period
• Revenue from operations grew 43.5% YoY to ₹389 crore, up from ₹271 crore in Q2-26
• Operating margins expanded to 24.6% in Q2-27, up from 20.7% in the same quarter last year
• Company concluded a buyback of 1 crore equity shares at ₹180 each on September 30, 2026
• Other income included a refund of ₹18.03 crore towards US tariffs levied under the IEEPA
• Sequential profit growth stood at 23.0% compared to the ₹60.1 crore reported in Q1-27

Top-line Expansion and Operational Efficiency

Rolex Rings demonstrated robust top-line growth, with revenue from operations reaching ₹389 crore in the quarter ended September 30, 2026. This represents a 43.5% increase compared to the ₹271 crore reported in the corresponding quarter of the previous fiscal year. Sequential growth was also healthy, with a 28% rise from ₹304 crore in Q1-27.

This performance aligns with management's earlier guidance from August 2026 for mid-teen revenue growth for the full year. Operational efficiency was evident as operating margins expanded to 24.6%, a significant improvement from the 20.7% recorded in Q2-26.

Share Buyback and US Tariff Refunds

• Concluded a buyback of 10,000,000 equity shares at a price of ₹180 per share on September 30, 2026
• The buyback resulted in a total cash outflow of ₹1,821.48 million, including transaction costs
• Accounted for an income refund of ₹180.34 million in Q2-27 regarding US tariffs previously levied under the International Emergency Economic Powers Act
• The paid-up equity share capital was reduced by ₹10.00 million following the cancellation of the bought-back shares
• Utilized ₹1,790.00 million from share premium and ₹21.46 million from retained earnings for the buyback consideration

Market Valuation and Ownership Trends

The company's valuation metrics show a P/E ratio of 30.22, which is slightly below the sector average of 31.73. Institutional holding currently stands at 32.18%, with mutual funds maintaining a 24.57% stake despite a slight sequential decrease. Although the stock has seen a month-on-month price correction of 14.06%, it has delivered a 38.33% return over the past year.

Rolex Rings continues to operate in a single business segment of diversified auto components, focusing on maintaining its ongoing new program pipeline which was valued at approximately ₹175 crore as of August 2026.

What to watch next

• Earnings conference call with analysts scheduled for 05 November 2026 at 11:00 AM IST
• Progress on export auto component revenue against the annual target of ₹425-450 crore
• Impact of the quarterly order book realization, which stood at ₹325-330 crore in August 2026

Rolex Rings · financial snapshot

Share price	₹168.76
Market capitalisation	₹4,595.89 Cr
Revenue (annual)	₹1,143.50 Cr
Net profit (annual)	₹141.10 Cr
Revenue (latest quarter)	₹304.34 Cr-0.44% vs previous quarter
Net profit (latest quarter)	₹60.14 Cr+40462.42% vs previous quarter
P/E (TTM)	30.22×Sector 31.73×
Promoter holding	54.24%+2.00% QoQ
FII holding	6.44%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.