Rane Brake Lining reports 45% yoy rise in Q1FY23 revenue to Rs141 crore

27 Jul 2022 , 09:20 AM

Rane Brake Lining Limited has announced financial performance for the first quarter (Q1FY23) ended June 30, 2022.

Q1 FY23 Performance

• Total Revenue was Rs141.9 crore for Q1 FY23 compared to Rs97.9 crore in the Q1 FY22, an increase of 44.9% 
• EBITDA stood at Rs12.5 crore compared to Rs7.2 Crore during Q1 FY22, an increase of 73.4% 
• EBITDA Margin at 8.8% for Q1 FY23 against 7.4% in Q1 FY22 
• PAT stood at Rs5.8 crore for Q1 FY23 compared to Rs1.7 crore in Q1 FY22

Operating Highlights for Q1 FY23

• Sales to OE customer grew 36% supported by strong demand across vehicle segments
• Sales to Aftermarket customers grew 93% 
• EBITDA margin increased by 145 bps backed by higher volumes and improved operational performance. 

“Higher volumes and improved operational performance helped drive profitability in RBL. Demand environment in India looks encouraging for the upcoming quarter and the company remains cautiously optimistic given the evolving economic situation globally”, said L. Ganesh, Chairman, Rane Group.

At around 9:19 AM, Rane Brake Lining was trading at Rs701.15 per share down by Rs14.95 or 2.09% from its previous closing of Rs716.10 per share on the BSE.