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Home arrow News arrow Auto component arrow Rane Holdings Ltd Sales & Operating Income up 36% at Rs. 160,913 Lakhs
Rane Holdings Ltd Sales & Operating Income up 36% at Rs. 160,913 Lakhs Print E-mail
Written by Krishna Kumar   
Tuesday, 31 May 2011
Chennai: Rane Holdings Limited, the holding company of Rane Group, which is one of the leading Auto Component manufacturers in the country, registered Sales & Operating Income of Rs.160,913 Lakhs for the current fiscal year as against Rs.117,985 Lakhs for the previous year ended 31st Mar 2010.

This represents a increase of 36% on year on year basis. The total dividend for the year is 125% (including 75% interim dividend) as against 80% for last year.

L.Lakshman, Chairman of Rane Holdings Limited observed that the good performance was due to robust growth across all segments in the domestic market and recovery in volumes in export market. Mr L Lakshman further said that several initiatives such as continued focus on efficiency of operations at a higher level of volumes and effective cost reduction techniques taken by the Group Companies during the previous year to improve the financial performance also has contributed significantly to the improved profitability.

The company's consolidated Earnings per share (EPS) at Rs.48.68 lakhs increased by 67% Year on Year (YoY) from Rs. 29.17 lakhs. It's Profit before Tax grew by 55% YoY to Rs.12,452 Lakhs (Includes Rs. 1,846 lakhs from Profit on sale of land). It's EBIDTA margins grew 33% YoY to Rs.20,402 Lakhs.

The Profit after Tax (PAT) grew 67 percent from Rs. 4,164 Lakhs in 2009-10 to Rs. 6,951 Lakhs in 2010-11.

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