Renaissance Global's Q1 FY 2025-26 Quarterly Results

Result Summary

• Renaissance Global Ltd reported a 0.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 19.6%.
• Its expenses for the quarter were down by 0.6% QoQ and up 20.0% YoY.
• The net profit decreased 68.6% QoQ and decreased 57.1% YoY.
• The earnings per share (EPS) of Renaissance Global Ltd stood at 0.6 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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 a company engaged in the design, manufacturing, and sale of jewelry. The company operates in the luxury goods industry, with a focus on providing high-quality and innovative jewelry products to its clientele. Renaissance Global Ltd has established a significant presence in the global market, leveraging its expertise in jewelry craftsmanship and design. The company aims to cater to a diverse customer base through its wide range of products, and it is committed to maintaining high standards of quality and customer satisfaction. As of the latest available data, no specific major developments or changes in the company's operations have been detailed.

Revenue

In the first quarter of fiscal year 2026 (Q1FY26), Renaissance Global Ltd reported a total income of ₹534.93 crores. This represents a slight decrease of 0.9% compared to the previous quarter (Q4FY25), where the total income was ₹539.59 crores. However, when comparing year-on-year (YoY) performance, the company experienced a significant increase in total income by 19.6%, up from ₹447.29 crores in the first quarter of fiscal year 2025 (Q1FY25). This growth in revenue indicates a positive trajectory in the company's revenue generation over the past year, despite the slight quarter-over-quarter decline.

Profitability

Renaissance Global Ltd's profitability metrics for Q1FY26 reveal a Profit Before Tax (PBT) of ₹9.33 crores, showing a substantial decrease of 59.6% from the previous quarter's PBT of ₹23.10 crores. Year-over-year, there is a 51.4% decline compared to a PBT of ₹19.18 crores in Q1FY25. The tax expense for Q1FY26 amounted to ₹2.73 crores, which is an increase of 32.5% quarter-over-quarter but a decrease of 27.8% year-over-year. Consequently, the Profit After Tax (PAT) for Q1FY26 was ₹6.60 crores, signifying a sharp decline of 68.6% from Q4FY25's PAT of ₹21.04 crores and a 57.1% drop from Q1FY25's PAT of ₹15.40 crores. The Earnings Per Share (EPS) for Q1FY26 was ₹0.60, a significant reduction from ₹2.00 in Q4FY25, and down from ₹1.60 in Q1FY25, reflecting declines of 70.0% and 62.5% respectively.

Operating Metrics

During Q1FY26, Renaissance Global Ltd's total expenses were recorded at ₹513.63 crores, which is a slight decrease of 0.6% from the previous quarter's expenses of ₹516.49 crores. However, there was a notable increase of 20.0% in expenses compared to ₹428.12 crores in Q1FY25. This increase in expenses over the year suggests higher operational costs or expanded operations, impacting the company's profitability margins. The significant changes in the company's key financial metrics, including PBT, PAT, and EPS, highlight the fluctuations in its operating performance over the observed periods.