Rane Holdings Q3 FY24 Results Live: Profit Falls by 4.91% YOY
Rane Holdings Q3 FY24 Results Live: Revenue decreased by 4.26% YoY & profit decreased by 4.91% YoY
Rane Holdings declared their Q3 FY24 results on 12 Feb, 2024. The topline decreased by 4.26% & the profit decreased by 4.91% YoY.
As compared to the previous quarter, the revenue declined by 9.81% and the profit decreased by 4.13%.
The Selling, general & administrative expenses declined by 15.29% q-o-q & decreased by 15.44% Y-o-Y.
The operating income was up by 223.99% q-o-q & increased by 56.49% Y-o-Y.
The EPS is ₹27.28 for Q3 FY24 which decreased by 13.06% Y-o-Y.
Rane Holdings has delivered -5.84% return in the last 1 week, 21.98% return in the last 6 months, and -10.87% YTD return.
Currently, Rane Holdings has a market cap of ₹1635.67 Cr and a 52wk high/low of ₹1385.3 & ₹825 respectively.
Rane Holdings Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 837.04 | 928.13 | -9.81% | 874.25 | -4.26% |
| Selling/ General/ Admin Expenses Total | 115.94 | 136.86 | -15.29% | 137.11 | -15.44% |
| Depreciation/ Amortization | 32.1 | 34.95 | -8.15% | 35.63 | -9.91% |
| Total Operating Expense | 778.95 | 974.98 | -20.11% | 837.13 | -6.95% |
| Operating Income | 58.09 | -46.85 | +223.99% | 37.12 | +56.49% |
| Net Income Before Taxes | 58.78 | -45.67 | +228.71% | 68.2 | -13.81% |
| Net Income | 38.96 | 40.64 | -4.13% | 40.97 | -4.91% |
| Diluted Normalized EPS | 27.28 | 65.86 | -58.58% | 31.38 | -13.06% |
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.