Rane Brake Lining announced a sharp rise in standalone net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 2.18 times to Rs 104.94 million from Rs 48.22 million in the same quarter previous year.
Revenues for the quarter rose 17.21% to Rs 1,214.58 million, compared with Rs 1,036 million for the prior year period.
Operating margin for the quarter stood at 146.60 percent as compared to 107.34 percent for the previous year period. Operating Income for the quarter was Rs 1,780.54 million, compared with Rs 1112.26 million in the previous year period.
Earnings per share for the quarter stood at Rs 13.26, registering 63.91% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 1,214.58 | 1,036.20 | 17.21 |
| Net Profit | 104.94 | 48.22 | 117.63 |
| Diluted EPS | 13.26 | 8.09 | 63.91 |
Shares of the company gained Rs 93.8, or 19.71%, to settle at Rs 569.70. The total volume of shares traded was 84,114 at the BSE (Thursday).
