Rane Holdings Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 26, 2022 at 06:28 pm IST
Share
Rane Holdings Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 7,833.8 million compared to INR 6,701.3 million a year ago. Revenue was INR 7,919 million compared to INR 6,755.4 million a year ago. Net loss was INR 187 million compared to INR 223.2 million a year ago. Basic loss per share from continuing operations was INR 13.1 compared to INR 15.63 a year ago. Diluted loss per share from continuing operations was INR 13.1 compared to INR 15.63 a year ago.
For the full year, sales was INR 26,773 million compared to INR 20,353.6 million a year ago. Revenue was INR 27,146.6 million compared to INR 20,570.2 million a year ago. Net income was INR 241.4 million compared to net loss of INR 505.7 million a year ago. Basic earnings per share from continuing operations was INR 16.91 compared to basic loss per share from continuing operations of INR 35.42 a year ago. Diluted earnings per share from continuing operations was INR 16.91 compared to diluted loss per share from continuing operations of INR 35.42 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.