Rane (Madras) has reported results for third quarter ended December 31, 2012.
The company has registered a fall of 13.60% in its net profit at Rs 6.16 crore in Q3FY13 as compared to Rs 7.13 crore in the corresponding quarter previous year. The total income from operation of the company has decreased by 8.86% to Rs 156.68 crore for the quarter under review as compared to Rs 171.91 crore in the same quarter last 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.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.00 |
| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
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