Rane clocks Rs 8.56 crore Q4 net profit

Manufacturers of steering and suspension systems for automobiles, Rane (Madras) Ltd today reported a marginal increase in its net profits for the fourth quarter ending March 31, 2014 at Rs 8.56 crore.
The city-based company had reported net profits at Rs 8.08 crore registered during the corresponding period of previous year, Rane (Madras) Ltd said in a statement.
Total income of the company for the fourth quarter ending March 31, 2014 rose to Rs 248.12 crore from Rs 173.95 crore registered during the corresponding period of previous year.
The Board of Directors have recommended a dividend of 55 per cent (Rs 5.50 per equity share) for the year 2013-14, it said.

Sales of Rane (Madras) Ltd in the domestic and export market grew by four per cent and 70 per cent compared to previous year. PTI VIJ VS
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Aircel rev market share up at 6.4 pc in Rajasthan at Mar-end * Aircel today said it has become the fourth largest telecom operator in Rajasthan with its revenue market share growing from 6.2 per cent to 6.4 per cent between Q4 2013 and Q1 2014.
Addressing a trade event in Udaipur, Harish Sharma, Regional Manager - Western Region, Aircel Ltd said Aircel becoming one of the youngest and fastest growing operators to achieve this growth within 3 years of operations in the state.