Companies

Rane Brake posts ₹10-cr profit

Our Bureau Chennai | Updated on January 16, 2018 Published on October 26, 2016


Auto ancillary firm Rane Brake Lining Ltd reported a significant rise in net profit at ₹9.8 crore for the quarter ended September 30, 2016, compared with a profit of ₹3.9 crore in a year-ago period, aided by better operating performance. Its EBITDA stood at ₹16.9 crore against ₹11.2 crore in Q2 of previous fiscal, an increase of 51 per cent. Total operating income stood at ₹113.1 crore against ₹109.3 crore, up marginally by three per cent. Robust demand from passenger car and two-wheeler OEMs aided the company’s performance, according to a company statement.

Published on October 26, 2016
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