Rane Brake Lining Ltd. sales & operating income for the quarter ended December 31, 2012, was up by 12 per cent over the same quarter last year. Sales & operating income was at Rs. 93.53 crores, EBIDTA at Rs. 8.41 crores and profit before tax at Rs. 2.44 crores.
The automobile market continued to remain weak during the quarter, with major segments like medium and heavy commercials registering decline in growth.
RBL’s sales in the domestic OEM market grew by six per cent, domestic aftermarket by 20 per cent, railways by 17 per cent and export market by two per cent compared to the same quarter of last year.
The company has declared an interim dividend of Rs. 2 per equity share on the paid-up capital of 79,14,980 shares of Rs. 10 each for the year ending March 31, 2013. This would be payable to eligible shareholders as on the record date, viz., February 1, 2013.