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MOTORINDIA
l
June 2012
RBL
sales grow 17%
Rane Brake Lining Ltd. (RBL),
a leading manufacturer of brake
linings, clutch facings and disk
pads, registered sales & operating
income of Rs. 359.17 crores for the
year as against Rs. 305.84 crores
for the previous year ended March
31, 2011. This represents a growth
of 17 per cent on year-on-year ba-
sis. The total dividend for the year
is 70 per cent (including 40 per
cent interim dividend)
as against 50 per cent
for the previous year.
Timely capacity en-
hancements enabled the
company to service the
increased demand and,
compared to the previ-
ous year, sales in the
domestic OEM market
grew by 18 per cent, do-
mestic aftermarket by
24 per cent and export
market by 24 per cent.
The company pursued
its efforts to achieve
process efficiencies in manu-
facturing and productivity
improvements and save costs
through innovative shopfloor
practices. It managed the
highly volatile foreign curren-
cy exchange rate movements
by timely hedging its expo-
sure and mitigated the adverse
impact.
REVL fares well
Rane Engine Valve Ltd. (REVL)
registered sales & operating income
of Rs. 307.02 crores for the year ended
March 31, 2012, as against Rs. 288.32
crores for the previous year. This rep-
resents a growth of six per cent on
year-on-year basis. The total dividend
for the year is 105 per cent, including
75 per cent interim dividend, against
50 per cent for the previous year.
Sales in domestic OEM market
grew by five per cent, domestic af-
termarket grew by five per cent and
export market by seven per cent. Due
to some slowdown in offtake of Eu-
ropean customers, there was a drop
in export sales in the quarter that af-
fected overall export sales growth for
the year.
The company pursued its efforts to
achieve operational efficiencies and
improve productivity, and cost sav-
ings through innovative shopfloor
practices. It managed the highly vola-
tile foreign currency exchange rate
movements by timely hedging its ex-
posure and thus mitigated the adverse
impact.
RML income markedly up
Rane (Madras) Ltd. (RML) of the Rane Group reg-
istered sales & operating income of Rs. 670.50 crores
for the year ended March 31, 2012, against Rs. 583.98
crores for the previous year. This represents a growth
of 15 per cent on year-on-year basis. The total dividend
for the year is 95 per cent, including 55 per cent interim
dividend, against 70 per cent for the previous year.
Growth across all segments in the domestic market
and timely capacity additions enabled the company
to service the demand. Sales of RML in the domes-
tic OEM market grew by 14 per cent, and domestic
aftermarket by 40 per cent. Due to reduction in the
volumes of some of the customer programs, exports
during the year declined by 12 per cent.
Persistent focus on improving manufacturing effi-
ciencies, innovative shopfloor management practices,
continuous emphasis on cost control and improved
interest cost management have contributed to the in-
crease in profit before tax at Rs. 37.17 crores. Profit
after tax is Rs. 27.40 crores.
w
Mr. L. Ganesh, Chairman, Rane Group
component zone