Auto components maker Rane (Madras) today said its net profit rose by 94.33 per cent to Rs 7.21 crore for the quarter ending December 31, 2010 from the same period last fiscal.
The company had posted a net profit of Rs 3.71 crore for the same quarter last fiscal, Rane (Madras) said in a filing to the Bombay Stock Exchange (BSE).
The total income of the company also rose to Rs 148.71 crore for the third quarter this fiscal from Rs 109.58 crore for the corresponding period last fiscal.
Shares of Rane (Madras) today closed at Rs 173.50 on the BSE, up 4.96 per cent from its previous close.
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