Rane Brake Lining has reported results for third quarter ended December 31, 2013.
The company has reported over two fold rise in its net profit at Rs 2.45 crore for the quarter ended December 31, 2013 as compared to Rs 1.01 crore for the same quarter in the previous year. However, total income from operation of the company has decreased by 0.67% at Rs 92.90 crore for quarter under review as compared to Rs 93.53 crore for the quarter ended December 31, 2012.
Rane Brake Lining, a Rane Group company, was established in 1964 in technical and financial collaboration with Nisshinbo Industries, Japan for manufacturing asbestos-free Brake Linings, Disc Pads and Clutch Facings, having application in every segment of the automobile industry.
