Shares of Rane Brake Linings surged 17.5% to Rs 998 as investors celebrated its robust Q4 results, with a net profit of Rs 15.4 crore, up 28% from the previous year. Revenue rose to Rs 186.7 crore, EBITDA to Rs 28.6 crore, and margins stood at 15.3%. The company reported record sales, 19% growth in exports, and commenced US market supplies. A merger plan with RML and REVL was approved, simplifying the group structure. Rane Brake Lining shares have surged 31% in the past month. Follow for market updates.
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