Rane (Madras) Limited logs sales of Rs 161.59 crore in Q3 2013

Rane (Madras) Limited today announced its Q3 financial results. The company reported a consolidated sales of Rs 161.59 crore for the third quarter ending December 31, 2013. The sales and operating income was pegged at Rs 161.59 crore, up three percent in comparison with the year ago period. Its EBITDA stood at Rs 14.16 crore and PBT at Rs 6.47 crore.
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Rane (Madras) Limited is part of the Rane Group of Companies. The company is involved in the production and distribution of steering and suspension systems. The auto component firm makes products such as manual steering gear products and suspension and steering linkage products, tie rod assemblies, drag lnk assemblies, center link assemblies and gear shaft ball joints. It supplies parts to automotive OEMs including Ashok Leyland, Volvo, Mahindra & Mahindra, TAFE, Tata Motors and more. Rane (Madras) Ltd supplies parts mainly to Tata Motors and it supplies assemblies for Tata Nano. Besides a plant in Chennai, the company has established a dedicated plant at Sanand in Gujarat, especially catering to Tata Nano.

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