Rane Brake Lining Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 02, 2023 at 03:33 am EDT
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Rane Brake Lining Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,580.3 million compared to INR 1,411.5 million a year ago. Revenue was INR 1,582.3 million compared to INR 1,447.2 million a year ago. Net income was INR 95.9 million compared to INR 64.8 million a year ago. Basic earnings per share from continuing operations was INR 12.41 compared to INR 8.38 a year ago. Diluted earnings per share from continuing operations was INR 12.41 compared to INR 8.38 a year ago.
For the six months, sales was INR 3,103.6 million compared to INR 2,804.8 million a year ago. Revenue was INR 3,112.9 million compared to INR 2,866.1 million a year ago. Net income was INR 147.7 million compared to INR 122.7 million a year ago. Basic earnings per share from continuing operations was INR 19.11 compared to INR 15.87 a year ago. Diluted earnings per share from continuing operations was INR 19.11 compared to INR 15.87 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.