Renaissance Global Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Renaissance Global Ltd reported a 72.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.2%.
- Its expenses for the quarter were up by 70.5% QoQ and 8.7% YoY.
- The net profit increased 116.4% QoQ and decreased 12.8% YoY.
- The earnings per share (EPS) of Renaissance Global Ltd stood at 2.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 711.93 | 412.88 | 657.88 | 72.4% | 8.2% |
Total Expenses | 679.95 | 398.83 | 625.53 | 70.5% | 8.7% |
Profit Before Tax | 31.97 | 14.05 | 32.35 | 127.5% | -1.2% |
Tax | 7.65 | 2.81 | 4.46 | 172.2% | 71.5% |
Profit After Tax | 24.32 | 11.24 | 27.89 | 116.4% | -12.8% |
Earnings Per Share | 2.50 | 1.10 | 2.90 | 127.3% | -13.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Renaissance Global Ltd is known for its operations in the jewelry industry, where it primarily focuses on the design, manufacturing, and retail distribution of diamond-studded jewelry and other related products. The company has established a strong presence both domestically and internationally, catering to a diverse clientele through various retail channels. While specific recent developments are not provided, the company operates in a dynamic market influenced by changing consumer preferences and economic conditions. Renaissance Global Ltd continues to leverage its expertise in jewelry crafting to maintain its competitive edge in the industry.
Revenue
In the third quarter of Fiscal Year 2025 (Q3FY25), Renaissance Global Ltd reported a total income of ₹711.93 crores. This represents a significant quarter-over-quarter (QoQ) increase of 72.4% compared to ₹412.88 crores in the second quarter of Fiscal Year 2025 (Q2FY25). Year-over-year (YoY) growth is observed at 8.2%, with total income rising from ₹657.88 crores in the third quarter of Fiscal Year 2024 (Q3FY24). The substantial QoQ growth suggests a strong recovery or enhancement in revenue streams during this period, while the YoY increase reflects improved performance compared to the previous year.
Profitability
The profitability of Renaissance Global Ltd in Q3FY25 is reflected in its Profit Before Tax (PBT) of ₹31.97 crores, marking a 127.5% increase from ₹14.05 crores in Q2FY25. However, when compared to the previous year, there is a slight decline of 1.2% from ₹32.35 crores in Q3FY24. The company incurred taxes amounting to ₹7.65 crores in Q3FY25, which represents a 172.2% QoQ increase and a 71.5% YoY rise. Consequently, the Profit After Tax (PAT) stands at ₹24.32 crores, showing a 116.4% QoQ increase but a 12.8% decrease YoY from ₹27.89 crores in Q3FY24. Earnings Per Share (EPS) for Q3FY25 is ₹2.50, reflecting a 127.3% QoQ increase but a 13.8% decrease YoY from the previous year's ₹2.90.
Operating Metrics
Renaissance Global Ltd's total expenses for Q3FY25 amount to ₹679.95 crores, which is a 70.5% increase from ₹398.83 crores in Q2FY25. Year-over-year, there is an 8.7% increase from ₹625.53 crores in Q3FY24. This highlights a notable rise in operating costs, parallel to the growth in total income, suggesting significant operational activity in the quarter. The financial data indicates a positive trend in revenue but with increased expenses, impacting overall profitability metrics such as PBT and PAT. Despite the increase in expenses, the company has maintained its revenue growth, reflecting operational efficiency and market responsiveness.
