Rane Brake Lin. Reports Strong Half-Yearly Results, Receives 'Hold' Call from MarketsMOJO
Rane Brake Lin. has reported a 10.11% increase in revenue to Rs 1,000.00 cr in Sep 2024, with a consistent growth trend. The company's EBITDA margin has also improved to 13.50%, showcasing effective cost management. With a low debt to equity ratio and a 'Hold' call from MarketsMojo, the company's financial performance is stable and promising.
Revenue - Half Yearly: Revenue is at Rs 1,000.00 cr in Sep 2024 up 10.11% from Rs. 909.00 cr in Sep 2023. The company has shown consistent growth in revenue over the past few years.EBITDA Margin - Half Yearly: EBITDA margin has improved to 13.50% in Sep 2024 from 12.50% in Sep 2023. This shows the company's ability to control costs and improve profitability.Debt to Equity Ratio - Half Yearly: The company has a low debt to equity ratio of 0.03 in Sep 2024, indicating a strong financial position and low risk for investors.
Market Performance: Despite the flat financial performance, Rane Brake Lin. has received a 'Hold' call from MarketsMOJO, indicating a neutral outlook for the stock. This could be due to the company's consistent revenue growth and strong financial position.
Overall, Rane Brake Lin. has shown a positive trend in its financials for the quarter ended Sep 2024. With a growing PAT, increasing revenue, and improved EBITDA margin, the company is on a steady path towards profitability. Investors can consider holding onto their stocks for now, as indicated by MarketsMOJO's 'Hold' call.
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