Rane Brake Lining Q2 net rises 20% on strong demand

The company said sales to original equipment customers grew by 25% and sales to aftermarket customers by 1%

October 19, 2022 06:35 pm | Updated 08:18 pm IST - CHENNAI

Rane Group Chairman L. Ganesh

Rane Group Chairman L. Ganesh

Rane Brake Lining Ltd. has posted an almost 20% increase in standalone net profit for the second quarter to ₹6.5 crore from the year-earlier period due on strong demand across vehicle segments.

Income from operations grew by 15% to ₹141 crore, the maker of brake linings and disc pads said in a regulatory filing.

The company said sales to original equipment customers grew by 25% and sales to aftermarket customers by 1%.

“Material-price inflation remained a challenge for RBL in the quarter,” Rane Group Chairman L. Ganesh said. “[The] management is working to mitigate the higher material prices through various cost-reduction measures and partial recovery from customers.”

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