Rane Brake Linings Ltd Q1 net profit down to Rs.2.24 Crores

Rane Brake Linings Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs.22.41 million for the quarter ended June 30, 2007 where as the same was at Rs.28 million for the quarter ended June 30, 2006. Total Income is Rs.436.13 million for the quarter ended June 30, 2007 where as the same was at Rs.410.81 million for the quarter ended June 30, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.3.11 for the quarter ended June 30, 2007 compared to Rs.3.88 during quarter ended June 30, 2006.

The stock closed the day at Rs.156.55, down by Rs.2.70 or 1.70%. The total traded quantity was 1431 compared to 2 week average of 2414. The stock hit an intraday high of Rs.159.55 and low of Rs.155.10.

Source : Equity Bulls

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