Renaissance Jewellery Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 31, 2014 at 10:32 pm IST
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Renaissance Jewellery Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 3,632.290 million against INR 2,560.463 million for the same period last year. Profit from operations before other income, finance cost and exceptional items were INR 208.371 million against INR 77.927 million for the same period last year. Profit from ordinary activities before tax was INR 188.819 million against INR 50.229 million for the same period last year. Net profit for the period was INR 152.895 million or INR 8.01 per basic and diluted share against INR 22.952 million or INR 1.20 per basic and diluted share for the same period last year.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 3,632.290 million against INR 5,555.265 million for the same period last year. Profit from operations before other income, finance cost and exceptional items were INR 347.776 million against INR 268.849 million for the same period last year. Profit from ordinary activities before tax was INR 293.467 million against INR 197.209 million for the same period last year. Net profit for the period was INR 253.030 million or INR 13.26 per basic and diluted share against INR 135.111 million or INR 7.08 per basic and diluted share for the same period last year.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 4,099.441 million against INR 3,535.753 million for the same period last year. Profit from operations before other income, finance cost and exceptional items were INR 215.541 million against INR 182.179 million for the same period last year. Profit from ordinary activities before tax was INR 186.737 million against INR 149.068 million for the same period last year. Net profit for the period was INR 150.750 million or INR 7.90 per basic and diluted share against INR 123.102 million or INR 6.45 per diluted share for the same period last year.
For nine months, on consolidated basis, the company reported net sales/income from operations of INR 8,677.242 million against INR 7,248.925 million for the same period last year. Profit from operations before other income, finance cost and exceptional items were INR 292.928 million against INR 280.284 million for the same period last year. Profit from ordinary activities before tax was INR 214.703 million against INR 188.269 million for the same period last year. Net profit for the period was INR 171.478 million or INR 8.99 per diluted share against INR 124.896 million or INR 6.55 per diluted share for the same period last year.
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.
Renaissance Jewellery Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013