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Rane Holdings reports 2nd qtr consolidated net at Rs 37.50 Cr

Press Trust of India  |  Chennai 

Ltd, part of the diversified conglomerate Rane Group, today reported consolidated net profits at Rs 37.50 crore for the second quarter ending September 30, 2017.

The city-based company, in a filing, had reported consolidated net profits at Rs 97.95 crore during corresponding period of previous year.


For the half-year period ending September 30, 2017 consolidated net profits stood at Rs 73.48 crore as compared to Rs 116.94 crore registered during year ago period.

The consolidated total of the company stood at Rs 562.03 crore as against Rs 567.31 crore registered during year ago period.

For the half-year period ending September 30, 2017 consolidated total revenues were at Rs 1,100.64 crore as compared to Rs 1,104.26 crore registered during same period of previous year.

"Rane Group companies capitalised on the favourable market environment and delivered robust growth. With the strong operational performance, the group companies improved profitability," company Chairman and Managing Director L Ganesh said.

"We are still working on improving the operational performance in certain businesses. We expect the market environment to remain favourable in the coming quarters," he said.

Shares of the company ended at Rs 1,917.50 apiece up by 7.49 per cent over the previous close in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 17:05 IST
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