Rane Brake Lining Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 27, 2022 at 11:24 am IST
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Rane Brake Lining Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 1,338 million compared to INR 1,324.4 million a year ago. Revenue was INR 1,371.5 million compared to INR 1,335.9 million a year ago. Net income was INR 68.8 million compared to INR 128.9 million a year ago. Basic earnings per share from continuing operations was INR 8.89 compared to INR 16.4 a year ago. Diluted earnings per share from continuing operations was INR 8.89 compared to INR 16.4 a year ago.
For the nine months, sales was INR 3,501 million compared to INR 2,745.8 million a year ago. Revenue was INR 3,612.4 million compared to INR 2,824.4 million a year ago. Net income was INR 140.1 million compared to INR 175.4 million a year ago. Basic earnings per share from continuing operations was INR 18.12 compared to INR 22.2 a year ago. Diluted earnings per share from continuing operations was INR 18.12 compared to INR 22.2 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.