Rane Brake Lining, part of the Rane group, has reported a marginal rise in first quarter net profit (year-on-year) at Rs 3.66 crore (Rs 3.30 crore). Sales for the quarter grew 16 per cent to Rs 99.53 crore. Sales in the domestic market grew 16 per cent, domestic after market grew 20 per cent, railways by 14 per cent and the export market by 5 per cent, over the same quarter last year. The subdued medium and heavy commercial vehicles market and the power situation have had a dampening effect in the quarter, says a company release. Rane Brake Lining makes brake linings, clutch facings and disk pads.
Rane Brake Lining Q1 profit up
Chennai, July 20: