trending Market Intelligence /marketintelligence/en/news-insights/trending/XS7oHEyF5HKkBt6239mY8g2 content esgSubNav
In This List

Rane Brake Lining profit misses consensus by 50.6% in fiscal Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Rane Brake Lining profit misses consensus by 50.6% in fiscal Q1

Rane Brake Lining Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 3.44 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 6.96 rupees per share.

EPS rose 62.8% year over year from 2.11 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.2 million rupees, an increase of 63.1% from 16.7 million rupees in the prior-year period.

The normalized profit margin climbed to 2.7% from 1.8% in the year-earlier period.

Total revenue grew 8.8% on an annual basis to 1.02 billion rupees from 933.3 million rupees, and total operating expenses climbed 7.5% from the prior-year period to 956.5 million rupees from 890.2 million rupees.

Reported net income rose 46.5% year over year to 35.8 million rupees, or 4.52 rupees per share, from 24.4 million rupees, or 3.09 rupees per share.

As of July 22, US$1 was equivalent to 60.17 Indian rupees.