Rane Brake Lining reports 53% rise in Q4 net profit

Rane Brake Lining has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a rise of 53.11% in its net profit at Rs 14.27 crore for the quarter under review 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.