Rane Holdings Q4 Net up over 6-fold at Rs 32.17 cr

Auto-component maker Rane Holdings Ltd has reported over six-fold increase in net profit at Rs 32.17 crore for the fourth quarter ended March 31, 2014.
The city-based Rane Group company had reported a net profit of Rs 5.15 crore during the same period of the previous year, Rane Holdings Ltd said in a BSE filing.
Total income from operations for the fourth quarter ended Mar 31 2014 grew to Rs 535.25 crore from Rs 519.32 crore registered in the corresponding period of the previous year.
For the financial year ended March 31, 2014, consolidated net profits grew by 13.1 per cent to Rs 43.43 crore from Rs 38.37 crore registered during 2012-13.

Total income from operations remained flat in 2013-14 at Rs 1,927.65 crore as against Rs 1,937.96 crore registered during 2012-13.
The Board of Directors have recommended a dividend of Rs 6.50 (65 per cent) per share for the year ending March 31, 2014.