Remember when Trump’s tariff threats were background noise? Rolex Rings just reminded us that those “noise” tweets now swing their quarterly mood charts. Exports to US: 25%. Europe: reviving like a Netflix character who died in Season 2 but reappears in Season 5. India: finally pulling its weight. The call had it all—tariff tantrums, domestic demand drama, and management optimism that could make even an Indian uncle selling LIC policies blush. Stick around; the real masala comes later—especially when bankers and “right of recompense” disputes enter the scene.
2. At a Glance
Revenue ₹292 Cr – Up QoQ, down YoY. Basically, treadmill growth.
EBITDA ₹77 Cr – Forex gains played fairy godmother.
EBITDA Margin 26.5% – Drama queen boosted by Euro appreciation.
PAT ₹49 Cr – Flat like your samosa after sitting 3 hours in the fridge.
Stock still positive – Traders only read “EBITDA up.”
3. Management’s Key Commentary
Quote: “Global economy is just on the edge of a sword with tariffs.” (Translation: Trump tweets > Excel sheets. We pray before tariffs, not gods.)
Quote: “25% of revenue is US, 20% Europe, rest sprinkled like oregano.” (Translation: America sneezes, we catch cold; Europe coughs, we pop antibiotics.)
Quote: “EBITDA margin boosted due to forex gains.” (Translation: Not us being smart, just rupee-Euro flirting.)
Quote: “Exports slipped, but domestic saved us.” (Translation: Thank god for Maruti and Tata orders. NRI clients ghosted us.)
Quote: “Order book at ₹110–120 Cr monthly.” (Translation: Enough to keep the lights on, but not to flex on LinkedIn.)
