Auto components maker Rane (Madras) today reported a 50.50 per cent increase in its net profit at Rs 7.48 crore for the quarter ended March 31, 2012 over the same period previous fiscal.
The company had posted a net profit of Rs 4.97 crore for the quarter ended March 31, 2011, Rane (Madras) said in a filing to BSE.
Total income of the company stood at Rs 181.69 crore for the quarter ended March 31, 2012 as against Rs 160.03 crore for the corresponding period previous fiscal.
The Board of Directors of the company have recommended to the shareholders a final dividend of Rs 4 per equity share of Rs 10 each, Rane (Madras) said.
Net profit of the company for the year ended March 31, 2012 stood at Rs 27.40 crore as against Rs 24.57 crore for the year-ago period.
Total income of the company stood at Rs 670.49 crore for the year ended March 31, 2012 as against Rs 583.98 crore for the corresponding period previous fiscal.
Shares of Rane (Madras) today closed at Rs 135.90 on BSE, down 2.27 per cent from its previous close.
