Rane Holdings Q2FY25 results: Net profit increases to Rs 185.4 cr

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Rane Holdings Q2FY25 results: Net profit increases to Rs 185.4 cr - Business Standard

Quick Summary:

In a statement on Tuesday, the company noted that the numbers for the second quarter and half-year period ending September 30, 2024, are not comparable with last year, due to the divestment of the LMCA business (Rane Light Metal Casting Inc., United States of America) and the acquisition of Rane Steering Systems Pvt Ltd from Japan-based NSK Ltd during the quarter.

Rane Holdings Ltd has recorded a consolidated profit after tax of Rs 185.4 crore during the July-September 2024 quarter, attributed to exceptional items, the company said on Tuesday.

The holding company of the city-based diversified conglomerate Rane Group had registered a profit after tax of Rs 51.1 crore during the corresponding quarter of last year.