Rane Brake Lining Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 03, 2023 at 03:52 am EDT
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Rane Brake Lining Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,648.7 million compared to INR 1,543.1 million a year ago. Revenue was INR 1,658.3 million compared to INR 1,569.5 million a year ago. Net income was INR 120.2 million compared to INR 130.7 million a year ago. Basic earnings per share from continuing operations was INR 15.55 compared to INR 16.91 a year ago. Diluted earnings per share from continuing operations was INR 15.55 compared to INR 16.91 a year ago.
For the full year, sales was INR 5,988 million compared to INR 5,055.5 million a year ago. Revenue was INR 6,070.7 million compared to INR 5,181.9 million a year ago. Net income was INR 334.6 million compared to INR 270.7 million a year ago. Basic earnings per share from continuing operations was INR 43.29 compared to INR 35.03 a year ago. Diluted earnings per share from continuing operations was INR 43.29 compared to INR 35.03 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.