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Share the post "RENAISSANCE GLOBAL announces Q2 results: Profit Rises by 7.35% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -6.87 % over the year, decrease in net sales/revenue by -7.47 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 0.39 %. Marginal decrease of -47.84% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for RENAISSANCE GLOBAL LIMITED. Notable increase of 7.33 % in net profit Year to Year, RENAISSANCE GLOBAL LIMITED’s profitability dropped by -27.01 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 5.41 % Year to Year. EPS decreased by -27.78 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 441.942 Cr | Rs. 444.832 Cr | Rs. 411.599 Cr | -7.47 % | -6.87 % |
| Expenses | Rs. 411.5 Cr | Rs. 408.32 Cr | Rs. 377.91 Cr | -7.45 % | -8.16 % |
| Operating Profit | Rs. 30.44 Cr | Rs. 36.51 Cr | Rs. 33.69 Cr | -7.72 % | + 10.68 % |
| OPM % | 6.89 % | 8.21 % | 8.19 % | -0.02 % | + 1.3 % |
| Other Income | Rs. 1.275 Cr | Rs. 2.454 Cr | Rs. 1.28 Cr | -47.84 % | + 0.39 % |
| Interest | Rs. 11.92 Cr | Rs. 12.68 Cr | Rs. 13.53 Cr | + 6.7 % | + 13.51 % |
| Depreciation | Rs. 7.65 Cr | Rs. 7.12 Cr | Rs. 7.39 Cr | + 3.79 % | -3.4 % |
| Profit before tax | Rs. 12.15 Cr | Rs. 19.16 Cr | Rs. 14.05 Cr | -26.67 % | + 15.64 % |
| Tax % | 13.85 % | 19.72 % | 20.02 % | + 0.3 % | + 6.17 % |
| Net Profit | Rs. 10.47 Cr | Rs. 15.39 Cr | Rs. 11.24 Cr | -26.97 % | + 7.35 % |
| EPS in Rs | Rs. 1.1 | Rs. 1.61 | Rs. 1.15 | -28.57 % | + 4.55 % |
Today, we’re looking at RENAISSANCE GLOBAL LIMITED’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -6.87 %. However, it did see a marginal slip of -7.47 % from the previous quarter. Expenses decreased slightly by -7.45 % quarter-on-quarter, aligning with the annual decline of -8.16 %. Operating profit, while up 10.68 % compared to last year, faced a quarter-on-quarter dip of -7.72 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.3 %, but a shrinkage of -0.02 % sequentially. Other income fell by -47.84 % compared to the last quarter, despite an annual growth of 0.39 %. Interest expenses surged remarkably by 6.7 % from the previous quarter, yet the year-over-year increase remains at a moderate 13.51 %. Depreciation costs climbed by 3.79 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.4 %. Profit before tax grew annually by 15.64 % but saw a reduction from the preceding quarter by -26.67 %.
Tax expenses as a percentage of profits increased slightly by 6.17 % compared to last year, with a more notable quarter-on-quarter increase of 0.3 %. Net profit rose by 7.35 % year-on-year but witnessed a -26.97 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 4.55 % but a quarterly fall of -28.57 %. In summary, RENAISSANCE GLOBAL LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 441.942 Cr | Rs. 444.832 Cr | Rs. 411.599 Cr | -7.47 % | -6.87 % |
| Expenses | Rs. 411.5 Cr | Rs. 408.32 Cr | Rs. 377.91 Cr | -7.45 % | -8.16 % |
| Operating Profit | Rs. 30.44 Cr | Rs. 36.51 Cr | Rs. 33.69 Cr | -7.72 % | + 10.68 % |
| Net Profit | Rs. 10.47 Cr | Rs. 15.39 Cr | Rs. 11.24 Cr | -26.97 % | + 7.35 % |
| EPS in Rs | Rs. 1.1 | Rs. 1.61 | Rs. 1.15 | -28.57 % | + 4.55 % |
In reviewing RENAISSANCE GLOBAL LIMITED’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.87 % year-on-year, although there was a slight dip of -7.47 % from the previous quarter. Expenses decreased by -8.16 % compared to the previous year, with a decrease of -7.45 % quarter-on-quarter. Operating Profit surged by 10.68 % annually, and saw a -7.72 % decrease from the last quarter.
Net Profit showed yearly increase of 7.35 %, and experienced a -26.97 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 4.55 % annually, however dipped by -28.57 % compared to the last quarter. In essence, while RENAISSANCE GLOBAL LIMITED exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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