Rane Ltd Q4 net rises 8% at Rs 8.08 crore

Net profits of the Chennai-based company stood at Rs 7.48 crore during the corresponding period of previous year, Rane (Madras) said in a BSE filing.

Rane Ltd Q4 net rises 8% at Rs 8.08 crore
CHENNAI: Auto-component manufacturer Rane (Madras) Ltd has reported an eight per cent increase in net profits for the fourth quarter ending March 31, 2013 at Rs 8.08 crore.

Net profits of the Chennai-based company stood at Rs 7.48 crore during the corresponding period of previous year, Rane (Madras) said in a BSE filing.

However, net profits for the financial year ending March 31, 2013 declined by 14.5 per cent to Rs 23.42 crore from Rs 27.40 crore registered during the corresponding period of previous year.

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