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Home arrow News arrow Auto component arrow Rane Brake Lining income up 29% at Rs 305.84 crores in FY 2010-11
Rane Brake Lining income up 29% at Rs 305.84 crores in FY 2010-11 Print E-mail
Written by Krishna Kumar   
Tuesday, 24 May 2011
Chennai: Rane Brake Lining Limited, a manufacturer of Brake Linings, Clutch Facings, Disk Pads, registered Sales & Operating Income of Rs.30,584 Lakhs for the current fiscal year as against Rs.23,630 lakhs for the previous year ended 31st March 2010. This represents a growth of 29% on year on year basis.

It registered a Profit before Tax of Rs. 1,967 Lakhs in 2010-11, up by 32% from Rs. 1,493 Lakhs in 2009-10. The company registered a Profit after Tax of Rs. 1,528 Lakhs in 2010-11 and Rs. 1,009 Lakhs in 2009-10.

L. Ganesh, Chairman of the Rane Group observed that growth in the sales and profits was due to robust growth in all the segments in the domestic market and recovery in volumes in the export market. Higher input costs contained with cost control measures and improved operational efficiencies have resulted in achieving a healthy profitability.

The total dividend for the year is 50% (including 30% interim dividend) as against 45% for last year. Earnings Per Share for the current year is Rs.19.31 as against Rs.12.78 for the previous year.

EBIDTA margins were at Rs 3,649 Lakhs up by 20% YoY.

Rane Brake Lining Limited is a part of Rane Group.

 
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