Rane Brake Lining Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 03, 2024 at 12:35 pm IST
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Rane Brake Lining Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 1,862.2 million compared to INR 1,648.7 million a year ago. Revenue was INR 1,867.4 million compared to INR 1,658.3 million a year ago. Net income was INR 153.9 million compared to INR 120.2 million a year ago. Basic earnings per share from continuing operations was INR 19.91 compared to INR 15.55 a year ago. Diluted earnings per share from continuing operations was INR 19.91 compared to INR 15.55 a year ago.
For the full year, sales was INR 6,608.3 million compared to INR 5,988 million a year ago. Revenue was INR 6,629.7 million compared to INR 6,070.7 million a year ago. Net income was INR 402.8 million compared to INR 334.6 million a year ago. Basic earnings per share from continuing operations was INR 52.11 compared to INR 43.29 a year ago. Diluted earnings per share from continuing operations was INR 52.11 compared to INR 43.29 a year ago.
Rane Brake Linings Limited is an India-based company, which is engaged in manufacturing and marketing of auto components for transportation industry. The Company is engaged in manufacturing of brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks. The Company's products have application in various segment of automobile industry, such as passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways and stationary engines.