Rane Brake Lining Reports Positive Financial Results for Q1 FY25

Rane Brake Lining, a microcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Rane Brake Lining has shown a positive performance in the quarter, with a score of 11 compared to 16 in the previous three months. This indicates a growth in the company’s financials.

One of the key factors contributing to this growth is the Profit Before Tax (PBT) less Other Income, which has increased by 76.04% year on year to Rs 11.39 crore. The near-term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has also shown a growth of 70.5% year on year, reaching Rs 8.83 crore. The near-term trend for PAT is also positive.

However, the company’s Cash and Cash Equivalents have decreased to Rs 4.27 crore in the last six half-yearly periods, indicating a deterioration in short-term liquidity. This is something that the company needs to address in order to maintain a stable financial position.

Overall, Rane Brake Lining has shown a positive financial performance in the quarter ending June 2024. Investors are advised to hold their stocks and keep an eye on the company’s liquidity situation.