• Event Type: Q2 and H1 FY27 earnings conference call hosted by PhillipCapital Private Client Group to discuss unaudited financial results for the quarter and half year ended September 30, 2026.
  • Event Date and Time: The earnings call was held on Thursday, November 5, 2026. The specific time and time zone were not disclosed in the provided data.
  • Purpose: Discussion of quarterly results, business performance, and strategic updates. The management provided detailed financial results, operational highlights, and future guidance.
  • Management Participants:
  • Mr. Manesh Madeka – Chairman and Managing Director
  • Mr. Hiren Doshi – Chief Financial Officer
  • SGA, Investor Relations Advisors
  • Moderator: Mr. Dhiral Shah from PhillipCapital Private Client Group
  • Presentation Availability: The transcript of the earnings call was made available on the company's website at www.rolexrings.com. An investor deck was also referenced as having been distributed to participants.
  • UPSI Statement: The document does not contain any specific statement regarding unpublished price sensitive information (UPSI).
  • Financial Period Discussed: Q2 FY27 (quarter ended September 30, 2026) and H1 FY27 (half year ended September 30, 2026).
  • Financial Highlights:
  • Q2 FY27 Revenue from Operations: INR389 crores (up 43% YoY, 28% QoQ)
  • Includes one-time U.S. tariff refund benefit of ~INR18 crores
  • Excluding refund, revenue grew 32% YoY
  • Component Sales: INR330 crores (up 32% YoY)
  • Auto Components: INR177 crores (up 68% YoY), 54% of total sales
  • Bearing Rings: INR153 crores (up 6% YoY)
  • Export Revenue: INR167 crores (up 55% YoY), 51% of component sales
  • Auto Component Exports: INR129 crores (up 89% YoY)
  • Bearing Ring Exports: INR38 crores (flat YoY)
  • Geographic Mix: U.S. component revenue more than doubled YoY to INR92 crores
  • Gross Margin: Expanded by ~700 bps YoY
  • EBITDA: INR94 crores (up 72% YoY), Margin: 24.2% (up ~400 bps)
  • PAT: INR74 crores (up 68% YoY), Margin: 19.1% (up 280 bps)
  • Excluding refund, EBITDA margin would be ~21%
  • H1 FY27 Revenue: INR694 crores (up 23% YoY)
  • H1 FY27 EBITDA: INR163 crores (up 40% YoY), Margin: 23.5%
  • H1 FY27 PAT: INR134 crores (up 44% YoY), Margin: 19.4%
  • Forward-Looking Statements:
  • Order book remains strong at INR120-125 crores per month
  • Expects H2 FY27 to be stronger than H1
  • Capacity utilization at 65%, expected to reach 70-72% by end of FY27
  • Guided revenue growth for FY27 maintained
  • Expects FY28 growth in high teens
  • FY28 EBITDA margin expected to be 50-75 bps higher than FY27
  • Exploring new growth avenues in defense and aerospace sectors
  • Continuing to evaluate dividend and buyback opportunities

Additional Notes Section

  • The document includes the full transcript of the earnings conference call, which contains detailed management commentary and Q&A with analysts.
  • The company completed a buyback of INR180 crores during the first half and holds INR260 crores in cash and liquid investments with a debt-free balance sheet.
  • Operating cash flow for H1 FY27 was INR68 crores, lower due to working capital increase of INR74 crores.
  • The company clarified that U.S. tariffs are no longer impacting business, with customers having accepted the current duty structure.
  • No financial data was disclosed in the announcement itself beyond what was discussed in the earnings call transcript.