Rane Holdings Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
May 27, 2021 at 04:40 pm IST
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Rane Holdings Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 6,755.443 million compared to INR 5,027.688 million a year ago. Net loss was INR 223.181 million compared to INR 9.785 million a year ago. Basic loss per share from continuing operations was INR 15.63 compared to INR 0.69 a year ago. Diluted loss per share from continuing operations was INR 15.53 compared to INR 0.69 a year ago. For the full year, total revenue was INR 20,570.225 million compared to INR 21,840.001 million a year ago. Net loss was INR 505.72 million compared to INR 27.182 million a year ago. Basic loss per share from continuing operations was INR 35.42 compared to INR 1.9 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.