Ranke Brake Lining has soared 17% to Rs 211, extending its previous day’s rally, after reporting robust net profit at Rs 9.52 crore for the fourth quarter ended March 31, 2014 (Q4FY14), on back of strong operational performance. The auto parts and equipment maker had profit of Rs 3.94 crore in the same quarter last year.
Total income from operations during the quarter review grew 7.9% to Rs 108 crore from Rs 101 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxation, depreciation and amortization) margin rose by over 500 basis points to 14.67% in March quarter from 9.18% in a year ago quarter.
The stock currently trading at its lifetime high rallied 44% in past two trading sessions from Rs 147 on NSE. A combined 64,000 shares changed hands on the counter so far on NSE and BSE.
Total income from operations during the quarter review grew 7.9% to Rs 108 crore from Rs 101 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxation, depreciation and amortization) margin rose by over 500 basis points to 14.67% in March quarter from 9.18% in a year ago quarter.
The stock currently trading at its lifetime high rallied 44% in past two trading sessions from Rs 147 on NSE. A combined 64,000 shares changed hands on the counter so far on NSE and BSE.
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