Rane Holdings Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 07:19 am EST
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Rane Holdings Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 8,370.4 million compared to INR 8,742.5 million a year ago. Revenue was INR 8,413.4 million compared to INR 9,059 million a year ago. Net income was INR 389.6 million compared to INR 409.7 million a year ago. Basic earnings per share from continuing operations was INR 27.28 compared to INR 28.69 a year ago. Diluted earnings per share from continuing operations was INR 27.28 compared to INR 28.69 a year ago.
For the nine months, sales was INR 26,596.3 million compared to INR 25,706.8 million a year ago. Revenue was INR 26,695.6 million compared to INR 25,892.5 million a year ago. Net income was INR 923.7 million compared to INR 811.2 million a year ago. Basic earnings per share from continuing operations was INR 64.68 compared to INR 56.81 a year ago. Diluted earnings per share from continuing operations was INR 64.68 compared to INR 56.81 a year ago.
Rane Holdings Limited is an India-based company, which is engaged in the manufacturing and marketing of automotive components for the transportation industry. It also provides consultancy and other services. It manufactures steering and suspension systems, friction materials, valve train components, occupant safety systems, light metal casting products and connected mobility solutions. Its steering and suspension systems include manual steering gears, steering linkages, suspension components, and hydraulic products. Its valve train components include engine valves, valve guides and mechanical tappets. Its friction material product includes brake linings, disc pads, clutch facings, sintered brake pads and others. Its occupant safety systems include seat belts, such as pretensioner, emergency locking retractors and others. It serves various industries, including Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Railways and Stationary Engines.
RANE HOLDINGS LIMITED 