Chennai, India – January 28, 2025: Rane Brake Lining Limited (NSE: RBL, BSE: 532987), a leading manufacturer of brake linings, disc pads, and clutch facings, has announced its unaudited financial results for Q3 FY2024-25. The company posted a revenue of ₹185.28 crore and a net profit of ₹9.47 crore. The company reported a 12.8% year-over-year (YoY) revenue growth, driven by strong demand in the passenger vehicle and two-wheeler segments.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹185.28 crore (YoY increase of 12.8% from ₹164.25 crore)
- Total Income: ₹186.04 crore
- Profit Before Tax (PBT): ₹12.53 crore (YoY decline of 7.4% from ₹13.53 crore)
- Net Profit (PAT): ₹9.47 crore (YoY decline of 6.4% from ₹10.12 crore)
- EBITDA Margin: 10.4% (YoY decline from 11.4%)
- Earnings Per Share (EPS): ₹12.25 per share.
Nine-Month Performance (April – December 2024) (Standalone)
- Total Revenue: ₹518.84 crore (YoY increase of 9.3% from ₹474.61 crore)
- Profit Before Tax (PBT): ₹39.48 crore
- Net Profit (PAT): ₹29.36 crore (YoY increase of 18% from ₹24.89 crore)
- Earnings Per Share (EPS): ₹37.98 per share.
Segment-Wise Performance
- OEM Sales Growth: 8% YoY, driven by strong demand from passenger vehicle (PV) and two-wheeler segments.
- Aftermarket Sales Growth: 15% YoY, reflecting increased demand for replacement parts.
- Export Sales Growth: 51% YoY, led by firm orders from the US and other international markets.
Strategic Developments & Key Announcements
- Amalgamation of Rane Brake Lining with Rane (Madras) Limited:
- Merger with Rane Engine Valve Limited and Rane (Madras) Limited.
- Expected to improve operational synergies and financial efficiencies.
- Exceptional Items:
- ₹0.13 crore expenses related to the proposed amalgamation are accounted as an exceptional item.
- Product Mix and Cost Optimization:
- Improved product mix helped offset rising employee costs.
- Forex gains and operational efficiencies contributed to overall margin stability.
Management Commentary
Harish Lakshman, Chairman of Rane Brake Lining Limited, stated:"We continue to see strong demand from OEM and aftermarket customers, with exports growing significantly. We focus on operational efficiencies and sustaining profitability in a competitive market.".
Market Outlook & Investor Takeaways
- Continued demand for automotive braking solutions is expected to support OEM and aftermarket segment growth.
- Amalgamation with Rane (Madras) Limited to drive synergies and cost savings.
- Stable financial performance and strong export demand reinforce long-term growth potential.