Rane Holdings, part of the Rane Group, reported a 17.8% jump in its consolidated net profit at Rs 18.23 crore for the first quarter ended June 30.
The Chennai-headquartered company had reported a consolidated net profit of Rs 15.47 crore during the same period last year, it said in a statement issued here.
For the year ending March 31, 2011, the consolidated net profit stood at Rs 94.02 crore, it said.
The consolidated total income of the company for the first quarter grew by 16.3% to Rs 411.42 crore from Rs 353.53 crore in the corresponding period an year ago.
The consolidated total income of the company for the year ending March 31, 2011 stood at Rs 1,609.13 crore, it added.