Renaissance Global Limited has significantly improved its financial health by reducing its gross debt by approximately ₹53 crore in Q4 FY25. This strategic move aligns with the company’s commitment to lowering borrowing costs and enhancing financial stability.
As of December 31, 2024, the company reported a net debt of ₹188 crore, a notable improvement from ₹311 crore in the previous year. This reduction underscores Renaissance Global’s disciplined financial strategy and robust capital management practices.
Sumit Shah, Global CEO of Renaissance Global, expressed confidence in the company’s financial direction, stating, “We are delighted to announce a reduction of our gross debt by ₹53 Crore during Q4 FY25. We will continue our endeavor towards consistent reduction of debt to reduce our borrowing costs and achieve our eventual goal of becoming a zero net debt company.”
Looking ahead, Renaissance Global continues to prioritize financial discipline through operational efficiency and strategic capital allocation. By optimizing costs and maintaining a strong balance sheet, the company is well-positioned to navigate dynamic market conditions and sustain long-term growth.
