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Rane Holdings reports 73% fall in Q3 consolidated net profit

08 Feb 2022 Evaluate

Rane Holdings has reported results for third quarter ended December 31, 2021.

The company has reported a fall of 42.50% in its net profit at Rs 3.49 crore for the quarter under review as compared to Rs 6.07 crore for the same quarter in the previous year. However, total income of the company increased by 2-fold at Rs 38.44 crore for Q3FY22 as compared Rs 17.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 73.15% in its net profit at Rs 10.56 crore for the quarter under review as compared to Rs 39.33 crore for the same quarter in the previous year. However, total income of the company increased by 4.39% at Rs 703.22 crore for Q3FY22 as compared Rs 673.62 crore for the corresponding quarter previous year.

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