Updated: Share Article AAA Rane Holdings Ltd., the holding company of the Rane Group, returned to profit with a consolidated net profit of ₹39 crore for the quarter ended December on growing demand for its products. It had posted a net loss of ₹3 crore in the year-earlier period. Revenue from operations rose 23% to ₹644 crore. The results also include an exceptional gain of ₹23.49 crore from profit on sale of land by Rane Engine Valve Ltd., it said. “We remain cautiously optimistic on the demand environment,” said L. Ganesh, CMD. SUBSCRIBE TO OUR DAILY NEWSLETTER Submit Related Articles