The company reported a net loss of ₹0.15 crore compared to a profit of ₹54.64 crore in the fourth quarter last fiscal. The Q4 loss of ₹49.2 crore was due to the exceptional RoR charge.
Its revenue increased 8% to ₹305.69 crore in the March quarter to ₹283.89 crore in the previous year.
The company’s earnings before interest, tax, depreciation and amortization (EBITDA) increased 8% to ₹56.23 crore from ₹52.22 crore last year.Its margins remained unchanged at 18.4% from the year-ago period.
The company’s board approved the buyback of 1 crore shares at ₹180 per share.
Shares of Rolex Rings ended the previous session 0.3% lower at ₹149 apiece. The stock has gained 9.6% in the past month.
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