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 of 10% and aftermarket and Railways registered a growth of 7% and 4% respectively during the financial year 2015-16. RBL enjoyed good growth in the OE segment on the back of new business in passenger car and two wheeler segments. The Company had a challenging time in the aftermarket segment, but with the introduction of several new products, managed a healthy growth.
During the financial year, weakening of Japanese yen helped in reducing overall material cost. The company was able to improve the profitability significantly through sustained cost savings initiatives and manufacturing process improvements in the shop floor.
“RBL delivered good results with significant improvement in the profitability. Customer focus and adoption of best practices across all locations helped us win several awards from customers and industry bodies. We have continued to win new businesses with Tier-1/OEM customers, introduced new products, and enhanced our range in the Aftermarket. These initiatives shall provide strong impetus for growth in the coming years,” said L. Ganesh, Chairman, Rane Group.
