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Rane Madras reports 12% fall in Q2 standalone net profit

19 Oct 2013 Evaluate

Rane Madras has reported results for the second quarter ended September 30, 2013.

On standalone basis, the company has reported 11.53% fall in its net profit at Rs 5.68 crore for the quarter as compared to Rs 6.42 crore for the same quarter in the previous year. However, total income of the company has increased by 2.38% at Rs 162.13 crore for quarter under review as compared to Rs 158.36 crore for the quarter ended September 30, 2012.

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

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