Rane Holdings Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 01:51 am EST
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Rane Holdings Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 9,281.3 million compared to INR 8,792.9 million a year ago. Revenue was INR 9,305.3 million compared to INR 8,837.8 million a year ago. Net income was INR 406.4 million compared to INR 201 million a year ago. Basic earnings per share from continuing operations was INR 28.46 compared to INR 14.08 a year ago. Diluted earnings per share from continuing operations was INR 28.46 compared to INR 14.08 a year ago.
For the six months, sales was INR 18,225.9 million compared to INR 16,964.3 million a year ago. Revenue was INR 18,282.2 million compared to INR 17,048.6 million a year ago. Net income was INR 534.1 million compared to INR 401.5 million a year ago. Basic earnings per share from continuing operations was INR 37.4 compared to INR 28.12 a year ago. Diluted earnings per share from continuing operations was INR 37.4 compared to INR 28.12 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 
