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Rolex Rings held a conference call on 09 November 2023 to discuss the results for the quarter ended September 2023 and way forward. Mr. Manesh Madeka, Chairman & Managing Director, Mr. Mihir Madeka, Whole Time Director (Marketing) and Mr. Hiren Doshi, Chief Financial Officer of the company addressed the call.
Highlights of the Concall
- Ebitda margin was lower at 22% in Q2FY24 compared to 23% in previous quarter because of the change of some product mix towards some low value‐added processes.
- New customers have added 7-8% to the topline in H1FY24
- Segment-wise revenue mix between the bearing and auto component segment stood at 59: 41.
- Geography-wise Domestic and export revenue mix stood at 54:46.
- End user wise revenue mix in H1FY24 was PVs - 40.4%, Industrial - 22.5%, BEV/ Hybrid - 9.8%.
- Rolex has started supply to German customers in hybrid PV segment and the volume ramp up would be visible in...
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