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. The Profit Before Tax (PBT) was recorded at Rs 41.38 crore, showing a decrease compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) fell to Rs 34.29 crore, also reflecting a decline from prior averages. Net sales totaled Rs 259.88 crore, marking a downturn and representing the lowest sales figure in the last five quarters. Additionally, the operating profit (PBDIT) reached Rs 51.26 crore, which is the lowest recorded during this period.
Despite these challenges, Rolex Rings demonstrated operational efficiency in managing its receivables, achieving a Debtors Turnover Ratio of 5.84 times, the highest 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, alongside a significant increase in standalone net profit, which grew by 170.63%. The operating profit also showed a slight increase, although the operating profit margin experienced a minor decline.

Overall, the financial data reflects a challenging quarter for Rolex Rings in December 2024, followed by a recovery in key metrics in March 2025. The company saw an adjustment in its evaluation during this period.