Rane Brake Linings Q2 PAT Up 15.3% to Rs 11.1 cr

Chennai, Oct 25 (PTI) Manufacturer of brake linings and disc pads, Rane Brake Lining Ltd, has reported 15.3 per cent rise in its profit after tax for the July-September 2024 quarter at Rs 11.1 crore.

The city-based company, part of the diversified conglomerate Rane Group, had registered a profit after tax of Rs 9.6 crore during the corresponding quarter of last year.

The profit after tax for the half year ending September 30, 2024 went up by 34.9 per cent to Rs 19.9 crore, from Rs 14.8 crore registered year ago.

Total revenues made during the quarter under review grew by 10.7 per cent to Rs 175.1 crore, from Rs 158.2 crore registered in the same quarter of last year.

For the six month period ending September 30, 2024, the company garnered revenues of Rs 335.6 crore up by 7.8 per cent, from Rs 311.3 crore registered during the same period of last year.

During the quarter under review, the sales made to original equipment manufacturers (OEMs) grew 7 per cent following demand from passenger vehicle and rail segments. Sales to aftermarket customers grew by 11 per cent, the company said.

Sales made to overseas customers grew by 35 per cent on the back of strong orders received from the United States of America and other regions, during the July-September 2024 quarter.

The Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) during the quarter grew by 57 basis points, the company said.