Rane Brake Lining shares fly over 17% as robust Q4 impresses Street

EBITDA or earnings before interest, tax, depreciation and amortisation witnessed a healthy rise to Rs 28.6 crore, an uptick from the Rs 21 crore posted in the same quarter last year. EBITDA margins stood at 15.3 percent for Q4 FY24 against 12.7 percent in Q4 FY23.

Its been a stellar year for the company after it reported record sales for the quarter and fiscal year. Moreover, its export sales grew 19 percent during the quarter and had 33 percent growth for the full year and commenced supplies to the US market with new products for the commercial vehicle segment.

In February, the Board of Directors of Rane (Madras) Limited (RML), Rane Brake Lining Limited (RBL), and Rane Engine Valve Limited (REVL) approved the proposed rejig through a merger of the three entities. The merger significantly simplifies the group structure by consolidating listed operating companies and aligns public shareholders’ interest by converging their stake at a single listed entity, it said.

Rane Brake Lining share shares have rallied 31 percent in the past month.

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