Are Rolex Rings latest results good or bad?

Rolex Rings has reported its financial results for the quarter ending December 2024, which indicate a decline in several key metrics compared to the previous four quarters. The Profit Before Tax (PBT) was recorded at Rs 41.38 crore, representing a decrease of 25.3% from the average PBT of Rs 55.38 crore. Similarly, the Profit After Tax (PAT) fell by 25.4% to Rs 34.29 crore, down from an average of Rs 45.98 crore. Net sales also saw a downturn, totaling Rs 259.88 crore, which is a 13.4% decline from the average of Rs 300.17 crore and marks the lowest net sales in the last five quarters. Additionally, the operating profit (PBDIT) reached its lowest level at Rs 51.26 crore during this period.
Despite these challenges, Rolex Rings demonstrated efficiency in managing its receivables, achieving a Debtors Turnover Ratio of 5.84 times, the highest recorded in the last five half-yearly periods.

In the subsequent quarter ending March 2025, the company reported a net sales growth of 9.24% compared to the previous quarter, with standalone net profit showing a significant increase of 170.63%. The operating profit margin, however, experienced a slight decline.

Overall, the financial data reflects a challenging quarter for Rolex Rings, with a noted adjustment in its evaluation following the reported results.