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Renaissance Global Ltd Q1FY24; 42% fall in Profits

Renaissance Global Ltd (RGL) was incorporated in 1989 as Mayur Gems & Jewellery Exports Pvt Ltd. It is engaged in designing and manufacturing of jewellery in gold, silver, platinum, studded with polished diamonds, semi-precious and precious stones. It has manufacturing offices in Mumbai and Gujarat with subsidiaries in the US, UK, Middle East and Mainland China.

Financial Results:

Renaissance Global Ltd reported Revenues for Q1FY24 of ₹473.00 Crores down from ₹573.00 Crore year on year, a fall of 17.45%.

Total Expenses for Q1FY24 of ₹458.00 Crores down from ₹549.00 Crores year on year, a fall of 16.58%.

Consolidated Net Profit of ₹14.00 Crores down 41.67% from ₹24.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.50, down 41.18% from ₹2.55 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: jewellery
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