Stock Below Rs 200: Auto Ancillary Report Q1 FY27 Results; PAT Rises 22%, PBT Surges 17%; Share Price Jumps 6%

On Wednesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index declining 100.45 points, or 0.41 per cent, to 24,514.45. Amid the market movement, Rolex Rings share price jumped 6.24 per cent to Rs 150.16 after the company announced its unaudited financial results for the quarter ended June 30, 2026.

Rolex Rings Q1 FY27 Financial Performance

Rolex Rings reported revenue from operations of Rs 3,043.37 million in Q1 FY27, compared with Rs 2,915.83 million in the corresponding quarter last year, registering a 4.4 per cent YoY growth. Total income increased to Rs 3,241.73 million from Rs 3,071.89 million, reflecting a 5.5 per cent YoY growth.

The company's profit before Tax (PBT) rose to Rs 792.84 million from Rs 679.97 million in Q1 FY26, registering a 16.6 per cent YoY growth. On a sequential basis, PBT increased significantly from Rs 1.70 million reported in Q4 FY26, as the previous quarter included exceptional expenses.

Profit after tax (PAT) increased to Rs 601.40 million in Q1 FY27 from Rs 491.56 million in the corresponding quarter last year, reflecting a 22.4 per cent YoY growth. Compared with a net loss of Rs 1.49 million in Q4 FY26, the company returned to profitability during the quarter. Earnings per share (EPS) stood at Rs 2.21, compared with Rs 1.81 in Q1 FY26.

Buyback Completed After Quarter End

The company informed investors that it has successfully completed its share buyback programme after the close of the June 2026 quarter. Earlier, the Board had approved the buyback of up to 1 crore equity shares, representing 3.76 per cent of the company's paid-up equity share capital, at a price of Rs 180 per share, for an aggregate consideration of up to Rs 180 crore.

According to the filing, the buyback has now been completed as approved, with the company repurchasing the entire 1 crore equity shares at Rs 180 per share.
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Exceptional Items Boost Sequential Performance

The company clarified that the March 2026 quarter included exceptional expenses of Rs 491.95 million, primarily related to the Right of Recompense (RoR) settlement with a consortium of Banks and the impact arising from the implementation of new labour laws. Since there were no exceptional items during Q1 FY27, profitability improved sharply on a sequential basis.

About Rolex Rings

Rolex Rings Ltd manufactures forged and machined bearing rings, automotive components and industrial forged products for domestic and global customers. The company serves leading automotive OEMs and bearing manufacturers across multiple international markets and operates in the diversified auto components segment.

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Disclaimer: The article is for informational purposes only and not investment advice.