Rane Madras, the auto parts manufacturer, announced an operating income of Rs. 244.66 crore for Q3FY17,  an increase of 20% from the Rs 204.52 crore income in its Q3 FY16. Net profits however declined 15% to Rs. 2.72 crore compared to the previous year's quarter. 

The company also announced an interim dividend of Rs 2 per equity share with face value of Rs. 10. The company noted that the profit margin has dropped, due to the depreciation of its new die-cast plant, and higher finance costs. The company says it's also experienced delivery issues and the after-effects of demonetization for Q3.