Rane Holdings Q3 net jumps by 75.54 pc

Chennai, Feb 3 (PTI) Rane Holdings, part of the RaneGroup, today reported consolidated net profits at Rs 20.31crore for the quarter ending December 31, 2010 up by 75.54 percent over the corresponding period a year ago.

The Chennai-based company reported consolidated net profitsat Rs 11.57 crore for the quarter ending December 31, 2009,Rane Holdings said in a statement.

For the nine months ending December 31, 2010, consolidatednet profits stood at Rs 74.42 crore as against Rs 30.08 croreregistered during the same period of previous year.

Consolidated total income for the quarter ending December31, 2010 grew to Rs 407.64 crore from Rs 253.36 crore duringthe comparable period last year.

For the nine month ending December 31, 2010 theconsolidated total income stood at Rs 1,174.98 crore asagainst Rs 704.43 crore registered during the same period ofprevious year.