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Rane Madras Limited announces earnings for Q3 FY21 Posted On: 2021-01-27 00:17:40 (Time Zone: Arizona, USA) Rane (Madras) Limited (NSE: RML; BSE code:532661), a leading manufacturer of steering and suspension products and light metal casting components today announced its standalone and consolidated financial performance for the third quarter (Q3 FY21) and nine months (9MFY21) ended December 31, 2020. Standalone Q3 FY21 Performance - Total Revenue was Rs. 398.8 crore for Q3 FY21 as compared to Rs. 280.2 crore in the Q3 FY20, an increase of 42.3%. - EBITDA stood at Rs. 50.8 Crore as compared to Rs. 24.6 Crore during Q3 FY20, an increase of 106.2%. - EBITDA Margin at 12.7% for Q3 FY21 as against 8.8% in Q3 FY20, an increase of 395 basis points (bps) ....
Updated: Share Article AAA Rane Madras Ltd.’s standalone net profit for the third quarter ended December surged more than fivefold to ₹21.5 crore, due to improved sales to original equipment, international and aftermarket customers. Revenue rose to ₹399 crore from ₹280 crore, the company said in a filing. “We saw strong recovery in the demand environment in Q3. This was well-supported by the production ramp up in the plants. Cost reduction initiatives continued to yield results. We are seeing volatility in customers schedules as they experience supply constraints on certain components. We continue the cost control measures to manage the commodity price increase,” said chairman L. Ganesh. ....