Rane Brake Lining jumps on reporting 53% rise in Q4 net profit
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Rane Brake Lining is currently trading at Rs. 901.95, up by 10.50 points or 1.18% from its previous closing of Rs. 891.45 on the BSE.
The scrip opened at Rs. 903.00 and has touched a high and low of Rs. 916.90 and Rs. 869.40 respectively. So far 6622 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 956.50 on 04-Mar-2021 and a 52 week low of Rs. 402.25 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 916.90 and Rs. 785.10 respectively. The current market cap of the company is Rs. 690.67 crore.
The promoters holding in the company stood at 68.33%, while Institutions and Non-Institutions held 9.71% and 21.95% respectively.
Rane Brake Lining has reported a rise of 53.11% in its net profit at Rs 14.27 crore for the quarter ended March 31, 2021 as compared to Rs 9.32 crore for the same quarter in the previous year. Total income of the company increased by 27.13% at Rs 152.37 crore for Q4FY21 as compared Rs 119.85 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a fall of 7.42% in its net profit at Rs 31.80 crore as compared to Rs 34.35 crore for the previous year. Total income of the company decreased by 9.68% at Rs 434.81 crore for year under review as compared to Rs 481.43 crore for year ended March 31, 2020.
