Rane (Madras) 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 5,183.2 million compared to INR 6,215.6 million a year ago. Revenue was INR 5,192.8 million compared to INR 6,301 million a year ago. Net loss was INR 93.7 million compared to net income of INR 95.4 million a year ago. Basic loss per share from continuing operations was INR 5.76 compared to basic earnings per share from continuing operations of INR 5.87 a year ago. Diluted loss per share from continuing operations was INR 5.76 compared to diluted earnings per share from continuing operations of INR 5.87 a year ago.
For the full year, sales was INR 22,389.5 million compared to INR 23,544.4 million a year ago. Revenue was INR 22,435.3 million compared to INR 23,723 million a year ago. Net income was INR 30.2 million compared to INR 300.2 million a year ago. Basic earnings per share from continuing operations was INR 1.85 compared to INR 18.46 a year ago. Diluted earnings per share from continuing operations was INR 1.85 compared to INR 18.46 a year ago.