Renaissance Global Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 08, 2021 at 07:05 pm IST
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Renaissance Global Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 4,770.95 million compared to INR 5,228.7 million a year ago. Revenue was INR 4,778.92 million compared to INR 5,319.87 million a year ago. Net income was INR 279.33 million compared to INR 195.74 million a year ago. Basic earnings per share from continuing operations was INR 2.99 compared to INR 2.466 a year ago. Basic earnings per share was INR 2.99 compared to INR 2.094 a year ago.
For the six months, sales was INR 8,865.93 million compared to INR 7,084.32 million a year ago. Revenue was INR 8,974.89 million compared to INR 7,216.54 million a year ago. Net income was INR 513.29 million compared to INR 19.81 million a year ago. Basic earnings per share from continuing operations was INR 5.5 compared to INR 0.61 a year ago. Diluted earnings per share from continuing operations was INR 5.5 compared to INR 0.61 a year ago. Basic earnings per share was INR 5.494 compared to INR 0.212 a year ago. Diluted earnings per share was INR 5.494 compared to INR 0.212 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.