Rane (Madras) has reported results for first quarter ended June 30, 2012.
The company has registered a fall of 52.75% in its net profit at Rs 2.75 crore for the quarter under review as compared to Rs 5.82 crore for the same quarter in the previous year. Total income from operation of the company has decreased marginally by 2.04% at Rs 150.64 crore for Q1FY13 as compared Rs 153.77 crore for the corresponding quarter previous year.
Rane Madras is a part of the Rane Group of Companies, a leading auto ancillary group based out of Chennai. RML is into the manufacture of manual steering gears (both the re-circulating ball bearing and rack and pinion types) and steering and suspension linkage products.
