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MACHINIST - Rane Holdings Sales & Operating Income up 16.6% at Rs. 411.43cr for Q1 FY12

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Home arrow News arrow Auto component arrow Rane Holdings Sales & Operating Income up 16.6% at Rs. 411.43cr for Q1 FY12

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Rane Holdings Sales & Operating Income up 16.6% at Rs. 411.43cr for Q1 FY12
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Written by Krishna Kumar   
Saturday, 06 August 2011

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Chennai: Rane Holdings Limited, the investment arm of the RANE Group of companies - auto components manufacturers in the country, registered Sales & Operating Income of Rs. 41143 Lakhs for the quarter ended 30th June 2011, an increase of 16.6% from Rs. 35354 Lakhs for the same quarter of the previous year.

L.Lakshman, Executive Chairman of Rane Holdings Limited observed that in first quarter of the current fiscal, production by all original equipment manufacturers in the auto industry grew by about twenty percent in comparison with the corresponding quarter of last year resulting in growth in customer demand.

Rane Holdings Limited registered a  Profit Before Tax of Rs. 2613 lakhs for the quarter ended 30th June 2011, compared to Rs. 2261 lakhs for the same quarter of the previous year. The company registered a Profit After Tax of Rs. 1227 lakhs for the quarter ended 30th June 2011, compared to Rs. 1196 lakhs for the same quarter of the previous year.

 
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