Rane Brake Lining Lt Q4 net profit jumps 53.11% at Rs 14.27 cr
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The company reported standalone net profit of Rs 14.27 crore for the quarter ended March 31, 2021 as compared to Rs 9.32 crore in the same period last year, registering a year-on-year growth of 53.11 per cent. Net revenue of the company rose substantially by 24.97 per cent at Rs 148.36 crore in January-March quarter of this fiscal as against Rs 118.72 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 27.20 per cent to Rs 124.68 crore from Rs 98.02 crore in year ago period. Other Income grew by 236.28 per cent at Rs 3.80 crore versus (Mar'20 Rs 1.13 crore). Operating Profit surged by 15.41 per cent to Rs 23.89 crore as against Rs 20.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.68 per cent in March quarter. Interest grew by 2300.00 per cent y-o-y to Rs 0.24 crore, while Taxation increased by 36.98 per cent at Rs 6.89 crore (Mar'20 Rs 5.03 crore).
