Renaissance Global Fully Deploys Rs 163.49 Crore Preferential Issue Proceeds Aug 08, 2025
Renaissance Global's Q4 Results: EBITDA Dips, Net Profit Rises May 30, 2025
More news about Renaissance Jewellery
07May 25
Renaissance Global Slashes Debt by Rs 93 Crore in Q4 FY25, Bolstering Financial Position
Renaissance Global, a leading jewelry company, has reduced its debt by Rs 93.00 crore in Q4 FY2025. This move is expected to enhance financial flexibility and improve the balance sheet. The company's total assets grew by 5.48% YoY to Rs 2,023.60 crore, while total equity increased by 11.89% to Rs 1,148.50 crore as of March 2024. Despite a negative operating cash flow of Rs 40.90 crore, the company's overall financial position appears to be strengthening, potentially positioning it for future growth initiatives.
14Apr 25
Renaissance Global to Shutter Bhavnagar Unit in Strategic Operational Shift
Renaissance Global Limited (RGL) will close its Bhavnagar, Gujarat unit on April 15, 2025. The unit contributed 9.94% to revenue and 24.14% to net worth in FY 2023-24. The closure aims to rebalance manufacturing capacities. Additionally, Mr. Darshil Shah and family will be classified as Promoters of the Company from April 14, 2025.
18Mar 25
Renaissance Global Slashes Debt by ₹53 Crore in Q4 FY2025, Strengthening Financial Position
Renaissance Global Limited, a global branded fine jewelry manufacturer, has reduced its gross debt by approximately ₹53.00 crore in Q4 FY25. This debt reduction is part of the company's strategy to lower interest expenses and optimize capital structure. As of December 31, 2024, the company's net debt stood at ₹188.00 crore, down from ₹311.00 crore in the previous year. The company aims to continue reducing debt to lower borrowing costs and eventually become a zero net debt company.