Net profit of Rane Brake Lining rose 15.33% to Rs 11.06 crore in the quarter ended September 2024 as against Rs 9.59 crore during the previous quarter ended September 2023. Sales rose 9.87% to Rs 173.63 crore in the quarter ended September 2024 as against Rs 158.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales173.63158.03 10 OPM %11.0511.12 - PBDT20.6317.78 16 PBT15.0112.62 19 NP11.069.59 15 Powered by Capital Market - Live

Rane Brake Lining announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 November 2024 .Powered by Capital Market - Live

Rane Brake Lining will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

Rane Brake Lining announced the retirement of Ashok Malhotra, Non Executive - Independent Director, in accordance with policy of the Company effective from the closure of business hours on 08 October 2024. Powered by Capital Market - Live

Rane Brake Lining stated that the sales to OE customer grew 8%. The strong growth in this segment was driven by demand from two wheelers and passenger vehicle segments. However, sales to Aftermarket customers declined 4%. Liquidity issues in the market coupled with high inventory with distributors led to lower sales. Export sales grew 29%. The company executed orders from US and appointed dealers in new regions such as Kenya and Uganda. Total expenses rose 2% to Rs 148.5 crore in Q1 FY25 over Q1 FY24, due to higher raw material costs (up 10% YoY), higher other expenses (up 8% YoY) and higher employee expenses (up 11% YoY). EBITDA stood at Rs 18.1 crore for Q1 FY25 compared to Rs 12.3 crore reported during Q1 FY24, an increase of 46.6% on YoY basis. EBITDA margin was at 11.3% in Q1 FY25 against 8.1% in Q1 FY24. EBITDA margin improvement was mainly driven by operational improvement activities and forex. This was partially offset by unfavourable mix,' the company said in a statement. Profit before tax in Q1 FY25 stood at Rs 12 crore, up by 66% from Rs 7.2 crore posted in Q1 FY24. Tax outgo for the period under review was Rs 3.1 crore (up 55% YoY). Rane Brake Lining (RBL) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. RBL manufactures friction material products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks. RBL is market leader in India and global player in friction material. Powered by Capital Market - Live

Net profit of Rane Brake Lining rose 70.46% to Rs 8.83 crore in the quarter ended June 2024 as against Rs 5.18 crore during the previous quarter ended June 2023. Sales rose 4.99% to Rs 159.93 crore in the quarter ended June 2024 as against Rs 152.33 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales159.93152.33 5 OPM %10.947.62 - PBDT18.0712.33 47 PBT11.967.20 66 NP8.835.18 70 Powered by Capital Market - Live