Rane Brake Lining Q1 standalone net slids by 11% to ₹5.2 crore
The Hindu
Rane Brake Lining Ltd. reported 11% decline in net profit to ₹5.2 crore in Q1, but total revenue from operations improved by 8%. Sales to aftermarket customers grew by 10%. Favourable demand environment helped RBL sustain growth momentum.
Rane Brake Lining Ltd. (RBL) reported standalone net profit for the June quarter contracted by 11% to ₹5.2 crore over the year earlier period.
Total revenue from operations improved by 8% to ₹153 crore due to strong sales to two-wheeler segment. Sales to aftermarket customers grew by 10%, the leading manufacturer of brake linings said in a regulatory filing.
“The favourable demand environment helped RBL to sustain the growth momentum. Demand across major vehicle segment continues to remain robust,” said L. Ganesh, group chairman.
“We are closely monitoring the evolving economic indicators and continuing to prioritise cost reduction and operational improvement programmes in the upcoming quarter,” he said.
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