Rane Holdings, a part of the auto component manufacturer Rane Group, has reported an over 50 per cent fall in net profit to Rs 13.47 crore for the second quarter ended September 30, 2011.
The city-based company had posted a net profit of Rs 32.32 crore in the year-ago period.
For the half-year period ended September 30, 2011, the PAT also dipped 37.8 per cent to Rs 27.54 crore from Rs 44.28 crore registered in the same period of the previous year, Rane Holdings said today in a filing to the BSE.
Sales and operating income for the second quarter ended September 30, 2011 grew to Rs 465.98 crore from Rs 413.80 crore in the corresponding period previous fiscal.
For the half-year period ended September 30, 2011, sales and operating income rose to Rs 877.41 crore from Rs 767.33 crore.