Rane Holdings’ FY 2018/19 net profit down 20.3% y/y to USD14.9 million

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Financial results

Revenue up 9.3% y/y

Indian auto parts supplier Rane Holdings has reported a 20.3% year-on-year (y/y) decline in its net profit to INR1.03 billion (USD14.9 million) for the fiscal year ended 31 March 2019, according to a regulatory filing by the company

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