RBL ex­pects growth mo­men­tum

Auto components India - - CONTENTS - ACI

Strong de­mand for the prod­ucts of Rane Brake Lin­ing Ltd (RBL), a lead­ing man­u­fac­turer of Brake Lin­ings, Clutch Fac­ings and Disc Pads, from In­dian OEM cus­tomers, pre­dom­i­nantly in the pas­sen­ger ve­hi­cle and com­mer­cial ve­hi­cle seg­ment, was the high­light of its per­for­mance in the third quar­ter of 2016-17.

The In­dian af­ter­mar­ket busi­ness was af­fected by the de­mon­eti­sa­tion, while in­ter­na­tional af­ter­mar­kets recorded flat per­for­mance. How­ever, disc pad prod­ucts main­tained their growth mo­men­tum. There was a de­mand drop in the rail seg­ment.

“Q3 FY17 was an event­ful quar­ter given the macroe­co­nomic is­sues fac­ing the in­dus­try. De­spite head­winds, RBL clocked a steady per­for­mance on the back of ro­bust de­mand from In­dian OEMs in pas­sen­ger ve­hi­cle seg­ment cou­pled with our on­go­ing cost re­duc­tion ini­tia­tives. As we move for­ward, we be­lieve our se­lect prod­ucts are poised well to gain from an­tic­i­pated re­cov­ery of the auto in­dus­try,” L Ganesh, Chair­man, Rane Group, said.

The to­tal oper­at­ing in­come of RBL was Rs 119.50 crore for Q3 FY17 as com­pared to Rs 111.68 crore in the Q3FY16, an in­crease of 7%. EBITDA also in­creased 7% to Rs 17.66 crore as com­pared to Rs 16.44 crore dur­ing Q3 FY16. The EBITDA mar­gin was at 14.8% for Q3 FY17 as against 14.7% in Q3FY16. Net profit (PAT) of the com­pany stood at Rs 9.98 crore for Q3 FY17 as com­pared to Rs 7.91 crore in Q3 FY16, an in­crease of 26%.

For the first 9 months of 2016-17, the to­tal oper­at­ing in­come of the com­pany was Rs 354.03 crore as com­pared to Rs 324.64 crore in the 2015-16, 9 month pe­riod, an in­crease of 9%.

EBITDA in­creased 34% to Rs 52.87 crore as com­pared to Rs 39.46 crore dur­ing this pe­riod. The EBITDA mar­gin was at 14.9% as against 12.2% in the 2015-16, 9 months. net profit rose 82% to Rs 30.30 crore for the 9 months in FY17 as com­pared to Rs 16.62 crore in FY16.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.