Analysts/Institutional Investor Meet/Con. Call Updates

ROLEX RINGS LIMITED [CIN: L28910GJ2003PLC041991] Regd. Office:-BEHIND GLOWTECH STEEL PRIVATE LIMITED, GONDAL ROAD, KOTHARIA, RAJKOT Phone: (281) 2782577/2782677 Email: compliance@rolexrings.com website. www.rolexrings.com Ref. RolexRings/Reg30/AnalystMeeting/Q1FY27/2 August 12, 2026 To, To Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C-1, Block G Phiroze JeeJeebhoy Towers, Dalal Street, Bandra Kurla Complex Mumbai-400001 Bandra (E), Mumbai – 400 051 Script Code: 543325 Script Symbol: ROLEXRINGS Sub: Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript of Earnings Call Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith Transcript of the discussion on the Unaudited Financial Results of the Company for the quarter ended June 30, 2026, at the Earnings Call held on Thursday 06th August, 2026 and also the same is available on the website of the company at www.rolexrings.com Please take the same on your records Thanking You, Yours faithfully For Rolex Rings Limited Hardik Dhimantbhai Gandhi Company Secretary and Compliance Officer {Membership No. A39931] “Rolex Rings Limited Q1 FY27 Earnings Conference Call” August 06, 2026 MANAGEMENT: MR. MANESH MADEKA – CHAIRMAN AND MANAGING DIRECTOR – ROLEX RINGS LIMITED MR. HIREN DOSHI – CHIEF FINANCIAL OFFICER – ROLEX RINGS LIMITED SGA – INVESTOR RELATIONS ADVISORS – ROLEX RINGS LIMITED Page 1 of 18 Rolex Rings Limited August 06, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Rolex Rings Limited Q1 FY27 Earnings Conference Call. Before we begin, a brief disclaimer. This conference call may contain forward- looking statements about the company, which are based on beliefs, opinions, and expectations of the company as of the date of this call. These statements are not guarantees of future performance and may involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions at the end of today's presentation. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch screen. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Hiren Doshi, Chief Financial Officer from Rolex Rings Limited. Thank you, and over to you, sir. Hiren Doshi: Thank you, team Chorus. Good morning, and a warm welcome to everyone present on the call. Thank you very much for sparing your valuable time and showing keen interest in our con call request. Along with me, I have Mr. Manesh Madeka, Chairman and Managing Director of the company; and Team SGA, our Investor Relations Advisors. I hope you have all received our investor deck by now. Those who have not, they may check it on the website of the Stock Exchanges where we have already uploaded. We enter in fiscal '27 having delivered a quarter that tells a couple of stories at once. Production ran below its full potential for part of the quarter, and the demand environment underneath that stayed firm, and in some markets, it got strengthened. Allow me to take you through both this story in brief. Coming to Q1 FY27, we'd like to inform you that revenue from operations recorded came in at INR 304 crores, which is up by 4.3% precisely compared to Q1 FY26. Though this looks short of our guided growth, our order book through the quarter was healthy, and the constraint we faced was not demand. It was an execution issue. A shortage of labor on the shop floor meant we could not convert that order book into output at the pace we wanted to. We have already informed the seed factor in our last call also, and it's a general phenomenon in the first quarter or maybe particularly in the month of April, May, and until mid of June. We are glad to report that the situation improved from June '26 onwards. And by the quarter starting from Q2 FY27, our operations were back to running normally. I would like to inform or pleased to inform that in month July '26, we recorded the highest revenue since the inception of our operations. In Q1 FY27, revenue from auto components grew by 13.5 percentage compared to Q1 FY26, amounting to INR163 crores, while revenue from bearing rings, it got declined by 6% compared with Q1 FY26, amounting to INR118 crores. Page 2 of 18 Rolex Rings Limited August 06, 2026 The bearing rings softness was concentrated in the industrial business or in the industrial segment, particularly in the domestic and European market, an area where we have flagged our broader industry-wide stagnancy in the past, and it reflects the same labor-driven output constraint that affected quarter too. Auto components, on the other hand, continued to gain share within our overall mix, and the shift towards higher value-added process products is a trend we expect to continue over the coming quarters. Looking at the geographical mix within each segment, our bearing ring remains predominantly a domestic, with exports accounting for about 27% of the segment; this means 72%- 73% of our bearing ring business is from the domestic ground. And it was the domestic-facing portion that saw the softness this quarter. Here also, I would like to mention that it is mainly in the segment of industrial segment and in high-volume, bigger-size components where we face a bit of softness. Auto components, by contrast is now a predominantly export-oriented business, with exports accounting for close to 72% of that segment's revenue, say, 28% in the domestic front. That is the part of our portfolio that delivered the strongest growth in this quarter. And it is a meaningful validation of the strategic shift we have been making, deliberately building out a higher-value export-facing precision machine components business alongside our traditional bearing rings franchise. What stands out most in export is a change in customer behavior. Buyers who had been a bit cautious and holding back through in fiscal '26, with a wait-and-watch mode as tariff uncertainty and certain adverse market factors played out, are now placing orders again with confidence. That shift matters because it tells us that demand overseas is genuinely picking up and that the relationship we have built with these customers, these multinationals over the years, remains intact and are now translating back to the order flow. As we had flagged and informed previously also, we have not lost a single customer through the tariff disruption or even the war impact in European markets in the last year or even previous to last year. What we are seeing now is those very relationships beginning to convert back into meaningful volumes and revenues. Coming to the margin side, as you must have seen, gross margins for the quarter have come up compared to fiscal '26 or on a Q1 FY26, reflecting both a favorable shift in product mix as well as disciplined raw material management and scientific production measures, cost control areas at our plant level. EBITDA for the quarter was INR69 crores. I'm not considering other income, which is up by 12% on comparing with the Q1 FY26, with the EBITDA margin at a percentage of 22.6%, which is up by 100 basis points, again, on comparing with Q1 FY26. Profit after tax grew by 22% year- on-year to INR60 crores, with PAT margin at 19.8%, again up by 290 basis points year-on-year basis. Page 3 of 18 Rolex Rings Limited August 06, 2026 I want to emphasize that this margin expansion came through even in a quarter where our production was constrained because of labor and certain other matters. As volumes normalize and our order book converts fully into output, our margin trajectory should hold. And in fact, we expect it to strengthen further as value-added process products continue to gr [Showing first 8,000 characters — download PDF for full document]