{"id":152707,"date":"2023-08-10T17:03:08","date_gmt":"2023-08-10T21:03:08","guid":{"rendered":"https:\/\/44.250.171.167\/?p=152707"},"modified":"2023-08-10T17:03:09","modified_gmt":"2023-08-10T21:03:09","slug":"renaissance-global-ltd-q1fy24-42-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/renaissance-global-ltd-q1fy24-42-fall-in-profits\/","title":{"rendered":"Renaissance Global Ltd Q1FY24; 42% fall in Profits"},"content":{"rendered":"\n<p>Renaissance Global Ltd (RGL) was incorporated in 1989 as Mayur Gems &amp; 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Renaissance Global Ltd reported Revenues for Q1FY24 of \u20b9473.00 Crores down from \u20b9573.00 Crore year on year, a fall of 17.45%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b9458.00 Crores down from \u20b9549.00 Crores year on year, a fall of 16.58%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b914.00 Crores down 41.67% from \u20b924.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b91.50, down 41.18% from \u20b92.55 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-678.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-678-839x1024.png\" alt=\"\" class=\"wp-image-152708\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-678-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-678-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-678-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-678-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-678.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renaissance Global Ltd (RGL) was incorporated in 1989 as Mayur Gems &amp; 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 [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,12],"tags":[9950],"class_list":["post-152707","post","type-post","status-publish","format-standard","hentry","category-infographics","category-other-industries","tag-jewellery"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":153993,"url":"https:\/\/alphastreet.com\/india\/pc-jeweller-ltd-q1fy24-88-fall-in-revenue\/","url_meta":{"origin":152707,"position":0},"title":"PC Jeweller Ltd Q1FY24; 88% fall in Revenue","author":"Karan_Singh","date":"August 15, 2023","format":false,"excerpt":"PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. 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