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Rane (Madras) Ltd Q1FY24; 7% rise in Revenue

Rane (Madras) Ltd. was founded in 1929, it manufactures steering and suspension linkage products, steering gear products and specialized aluminum high pressure die-casting products and provides connected mobility solutions. The Company is a supplier to major manufacturers of Passenger Vehicles, Utility Vehicles and Farm Tractors and has a strong presence in mechanical steering gears and hydrostatic gear systems. The co. headquarters is in Chennai.

Financial Results:

Rane (Madras) Ltd reported Revenues for Q1FY24 of ₹588.00 Crores up from ₹549.00 Crore year on year, a rise of 7.1%.

Total Expenses for Q1FY24 of ₹584.00 Crores up from ₹547.00 Crores year on year, a rise of 6.76%.

Consolidated Net Profit of -₹14.00 Crores from -₹3.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹8.90, from -₹2.02 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Machinery
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