Renaissance Global Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 09, 2022 at 01:20 pm
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Renaissance Global Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 4,401.92 million compared to INR 4,770.95 million a year ago. Revenue was INR 4,416.83 million compared to INR 4,778.92 million a year ago. Net income was INR 155.1 million compared to INR 279.33 million a year ago. Basic earnings per share from continuing operations was INR 1.64 compared to INR 2.99 a year ago. Diluted earnings per share from continuing operations was INR 1.63. Basic earnings per share was INR 1.64 compared to INR 2.99 a year ago. Diluted earnings per share was INR 1.63.
For the six months, sales was INR 10,139.64 million compared to INR 8,865.93 million a year ago. Revenue was INR 10,170.94 million compared to INR 8,974.89 million a year ago. Net income was INR 397.52 million compared to INR 513.29 million a year ago. Basic earnings per share from continuing operations was INR 4.21 compared to INR 5.5 a year ago. Diluted earnings per share from continuing operations was INR 4.19 compared to INR 5.5 a year ago. Basic earnings per share was INR 4.21 compared to INR 5.49 a year ago. Diluted earnings per share was INR 4.19 compared to INR 5.49 a year ago.
Renaissance Global Limited is an India-based Jewelry manufacturing company. The Company is engaged in manufacturing of gold and diamond studded jewelry and jewelry making services. It is engaged in manufacturing / trading and retail of jewelry, gems, diamond and furniture and accessories. The Company operates through two geographical segments: domestic sales and export sale. The Company craft over 1,000 designs per month. The Company has eight manufacturing units across Mumbai, Bhavnagar, and Dubai. It markets its products under Hallmark and Disney brands. Its subsidiaries include Renaissance Jewelry New York Inc., USA; Verigold Jewellery (UK) Ltd., London; Renaissance Jewellery Bangladesh Pvt. Ltd., Bangladesh, and Verigold Jewellery DMCC, Dubai.