Rane Brake Lining disclosed a steep drop in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 37.92% to Rs 17.39 million from Rs 28.01 million in the same quarter previous year.
Net sales for the quarter rose 12.22% to Rs 999.79 million, compared with Rs 891 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.20, registering 37.85% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 999.79 | 890.93 | 12.22 |
| Net Profit | 17.39 | 28.01 | (37.92) |
| Basic EPS | 2.20 | 3.54 | (37.85) |
Shares of the company gained Rs 9.4, or 3.03%, to settle at Rs 320.00. The total volume of shares traded was 12,443 at the BSE (Monday).
