Finance

WABCO’s sales growth in 2016 outperforms global CV market

WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, reported Q4 and full year 2016 results. “In Q4 2016, we continued to increase market penetration in key regions, such as China, the world’s largest market for commercial vehicles, where in particular we augmented adoption of WABCO[Read More…]

by February 18, 2017 Finance, Globescan, News, Web Exclusive

RBL expects growth momentum

Strong demand for the products of Rane Brake Lining Ltd (RBL), a leading manufacturer of Brake Linings, Clutch Facings and Disc Pads, from Indian OEM customeRs , predominantly in the passenger vehicle and commercial vehicle segment, was the highlight of its performance in the third quarter of 2016-17. The Indian aftermarket business was affected by the demonetisation, while international aftermarkets[Read More…]

by January 21, 2017 Finance, News

Continental accelerates growth

Continental accelerated its growth in the third quarter of 2016 as announced. However, the quarter was characterized by several isolated and unrelated circumstances in the Automotive divisions that had a negative impact on earnings. “The sales growth in our automotive business gained momentum in the third quarter. With organic growth of over 6 percent, we once again grew faster than[Read More…]

by November 12, 2016 Finance, Globescan, News
Rane Brake Lining reports healthy growth of 16% in first quarter

Rane Brake Lining reports healthy growth of 16% in first quarter

Rane Brake Lining Limited (RBL), a leading manufacturer of Brake Linings, Clutch Facings and Disc Pads today announced its results for the quarter ended 30th  June 2016. The Company registered Sales & Operating Income of Rs 121.46 Crores for the quarter as against Rs. 103.62 Crores for the corresponding quarter in the previous year. The Company’s overall India OEM sales[Read More…]

by July 21, 2016 Finance, News
Growth Momentum Continues in FY16 for UNO Minda

Growth Momentum Continues in FY16 for UNO Minda

Minda Industries posted robust results for FY16, maintaining its growth momentum. The consolidated sales at Rs.2506 crore for FY16 as against Rs 2206 Crore in FY15 recording a growth of 14% year on year.. The company reported EBITDA of Rs 244 crore, a growth of 50% year on year. EBITDA margin has expanded by 239 basis points to 9.75 %[Read More…]

by May 27, 2016 Finance

Bosch Limited registers growth of 9.5%

Bosch Limited, a leading supplier of technology and services, registered net sales and income from operations of Rs 10,415 crore in the past 12 months, an increase of 9.5% compared to the preceding 12 months period. Profit Before Tax increased by 23.6% and stands at Rs 1,859 crore. Profit After Tax stands at Rs 1,245 crore which is a 23.2%[Read More…]

by May 27, 2016 Finance

Sundram Fasteners Ltd registered its best ever performance during the year ended 31st March, 2016

Sundram Fasteners Limited (standalone) recorded total revenue of Rs 2,641.38 crore for the year ended March 31, 2016 as against Rs 2,409.75 crores achieved during the previous year. The export sales were at Rs 908.12 crore as against Rs 898.71 crore. Domestic sales, net of excise duties were at Rs 1,649.37 crore as against Rs 1,426.33 crore, an increase of[Read More…]

by May 25, 2016 Finance

Rane Brake Lining Limited reports 2015-16 results

Rane Brake Lining Limited (RBL), a leading manufacturer of Brake Linings, Clutch Facings and Disc Pads today announced its results for the year ended 31st March 2016. The Company registered Sales & Operating Income of Rs 448.42 Crore for the current year as against Rs 416.41 Crores for the previous year. The Company’s overall OE sales registered a healthy growth[Read More…]

by May 25, 2016 Finance

Minda Industries marks sustainable growth YOY

‘Minda Industries Ltd. posts robust and sustainable performance in Q3 FY16 alongside consolidated sales grew by 13% YoY to 626 Cr’ Minda Industries Ltd., the flagship company of UNO MINDA Group has posted strong results for Q3 FY16. The Consolidated sales at Rs 626 Cr for Q3 FY16 as against consolidated revenues of Rs 555 Cr reported for Q3 FY15[Read More…]

by February 4, 2016 Finance, News, OEM

TVS Tyres to invest Rs 150 crore towards capacity expansion

Madurai-based TVS Tyres to invest Rs 150 crore to expand its capacity both in Madurai and Rudrapur facility. In 2014-15, the company had manufactured a monthly 1.6-million tyres in Madurai plant and 400,000 tyres in Rudrapur plant. The company’s Director, P Vijayaraghavan said, “During 2014-15, we have enhanced our capacity from 1.70 million tyres per month to 2 million tyres.[Read More…]

by May 27, 2015 Corporate, Finance