Rane Limited Reports Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 25, 2016 at 01:28 pm
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Rane (Madras) Limited reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 2,006.484 million against INR 1,926.157 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 82.007 million against INR 61.747 million for the same period of previous year. Profit from ordinary activities before tax was INR 40.530 million against INR 25.023 million for the same period of previous year. Net profit was INR 31.991 million or INR 2.88 per diluted share compared to INR 25.229 million or INR 2.24 per diluted share for the same period of previous year.
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 6,096.090 million against INR 5,520.853 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 282.850 million against INR 240.388 million for the same period of previous year. Profit from ordinary activities before tax was INR 136.025 million against INR 130.587 million for the same period of previous year. Net profit was INR 100.114 million or INR 9.04 per diluted share compared to INR 100.504 million or INR 9.09 per diluted share for the same period of previous year.
Rane (Madras) Limited is a manufacturer and supplier for global automotive companies. It manufactures steering and suspension systems, friction materials, valve train components, occupant safety systems, light metal casting products and provides connected mobility solutions. It has two divisions, namely Steering and Linkages Division (SLD) and Light Metal Casting India Division (LMCI). SLD manufactures mechanical steering gears, hydrostatic steering systems and steering and suspension linkage products. LMCI manufactures low porosity, light metal casting, such as steering housings and engine case covers. It manufactures high pressure light metal casting components from its facility in Kentucky, United States. Its products serve a variety of industry segments, including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways, and stationary engines. It has manufacturing facilities at Tamil Nadu, Puducherry, Karnataka, Uttarakhand, and Telangana.
RANE (MADRAS) LIMITED 
