Rane Brake Lining Ltd. (RBL) of the Rane Group registered sales & operating income of Rs. 416.41 crores for the year ended March 31, 2015 as against Rs. 384.11 crores for the previous year ended March 31, 2014. EBIDTA at Rs. 47.56 crores is up by 12 per cent YoY. The Board has recommended a dividend of Rs. 7 per share (70 per cent) for the year.
RBL’s sales in the domestic OEM, aftermarket and export markets grew by eight per cent, 15 per cent and five per cent respectively.
During 2014-15, the domestic automobile market witnessed signs of growth and turnaround in some of the segments owing to improved market sentiments and stable political environment.