Auto parts firm Rane Madras has reported a 28 per cent rise in net profit at ₹6.6 crore for the quarter ended September 30, 2016 when compared with ₹5.2 crore in the year-ago period.
Total operating income grew 19 per cent to₹257.5 crore (₹ 216.5 crore).
EBITDA stood at ₹26.7 crore (₹21.4 crore), an increase of 25 per cent. EBITDA margin improved to 10.3 per cent (9.9 per cent), on the back of stringent fixed cost controls however partly offset by increased operational cost.
“The company successfully ramped up production to capitalise on the strong order flow from select customers for steering and linkages division in passenger car and LCV segment along with international customers for diecast division,” said L Ganesh, Chairman, Rane Group.