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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)