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Rane Brake Lining Ltd Q1FY24; 11% fall in Profits

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.

Financial Results:

Rane Brake Lining Ltd reported Revenues for Q1FY24 of ₹152.33 Crores up from ₹139.33 Crore year on year, a rise of 9.33%.

Total Expenses for Q1FY24 of ₹145.86 Crores up from ₹134.23 Crores year on year, a rise of 8.66%.

Consolidated Net Profit of ₹5.18 Crores down 10.54% from ₹5.79 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.70, down 10.55% from ₹7.49 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Brake Lining
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