Rane Holdings Ltd, part of the Rane Group has recorded a 93.2 per cent rise in its consolidated fourth quarter net profit at Rs 44.80 crore. The Chennai-based company had recorded consolidated net profit at Rs 23.18 crore during corresponding quarter of previous year. For the year ending March 31, 2017 consolidated net profit surged by 135.1 per cent to Rs 182.67 crore from Rs 77.67 crore registered during year ago period. Consolidated total revenue for the January-March 31, 2017 quarter went upto Rs 859.34 crore from Rs 695.12 crore registered during year ago period.
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For the full year ending March 31, 2017, consolidated total revenue stood at Rs 3,029.34 crore from Rs 2,431.30 crore. The Board of Directors has recommended a final dividend of Rs five per equity share for the year ending March 31, 2017. The Board had declared an interim dividend of Rs 3.50 per equity share and the same was paid on February 27, 2017. Shares of the company ended at Rs 1,084.20 apiece up by 1.14 per cent over previous close in BSE.