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Rane Brake Lining Q3 net profit down by 20pct

Auto News - Published on Wed, 30 Jan 2019

Image Source: Moneycontrol
Rane Brake Lining reported 19.9 per cent decline in its net profit at Rs 10.6 crore for the quarter ended December 2018. RBL's EBITDA dropped by 18.5 per cent at Rs 20.6 crore as compared to Rs 25.2 crore during Q3 FY18.

Company's total net revenue stood at Rs 134.5 crore, up 4.6 per cent in Q3 FY 19 as compared to Rs 128.5 corore in the corresponding quarter in FY'18.

Commenting on the sales performance, Mr L Ganesh, Chairman, Rane Group said “RBL had favorable growth with OE customers. On aftermarket segment, the sales improved on QoQ basis and demand environment remains positive. The forex and material cost pressure led to drop in margins. We expect the raw material prices to stabilize in the upcoming quarter. Management is focusing on various initiatives to mitigate cost escalation.”

During the period under review, EBDITA margin stood at 15.3 per cent as against 19.6 per cent same quarter in FY'18.

Source :

Posted By : Joykumar Irom on Wed, 30 Jan 2019
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