Rane Holdings Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 01:41 am EST
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Rane Holdings Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 8,742.5 million compared to INR 6,814.4 million a year ago. Revenue was INR 9,059 million compared to INR 7,032.2 million a year ago. Net income was INR 409.7 million compared to INR 96.3 million a year ago. Basic earnings per share from continuing operations was INR 28.69 compared to INR 6.74 a year ago. Diluted earnings per share from continuing operations was INR 28.69 compared to INR 6.74 a year ago.
For the nine months, sales was INR 25,706.8 million compared to INR 18,939.2 million a year ago. Revenue was INR 25,892.5 million compared to INR 19,262.9 million a year ago. Net income was INR 811.2 million compared to INR 428.4 million a year ago. Basic earnings per share from continuing operations was INR 56.81 compared to INR 30 a year ago. Diluted earnings per share from continuing operations was INR 56.81 compared to INR 30 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 
