Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.