Rane Brake Lining Ltd.’s (RBL) net profit for the third quarter ended December rose 26% to ₹13 crore driven by sales to original equipment and aftermarket customers.
Total net revenue grew 2.3% to ₹134 crore, the leading maker of brake linings, disc pads and clutch facings, said in a regulatory filing.
“Favourable demand environment and stringent cost-control measures helped RBL post strong Q3 results,” said L. Ganesh, chairman.
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“The demand environment remains robust though we are seeing some volatility in customer schedules owing to supply constraints on certain components.
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