Rane Brake Lining Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 19, 2022 at 02:50 am EDT
Share
Rane Brake Lining Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,411.5 million compared to INR 1,225 million a year ago. Revenue was INR 1,447.2 million compared to INR 1,261.6 million a year ago. Net income was INR 64.8 million compared to INR 54.1 million a year ago. Basic earnings per share from continuing operations was INR 8.38 compared to INR 7 a year ago. Diluted earnings per share from continuing operations was INR 8.38 compared to INR 7 a year ago.
For the six months, sales was INR 2,804.8 million compared to INR 2,167.8 million a year ago. Revenue was INR 2,866.1 million compared to INR 2,240.9 million a year ago. Net income was INR 122.7 million compared to INR 71.4 million a year ago. Basic earnings per share from continuing operations was INR 15.87 compared to INR 9.24 a year ago. Diluted earnings per share from continuing operations was INR 15.87 compared to INR 9.24 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.