Chennai: Rane Madras, Chennai-based manufacturer of steering and suspension products and die casting components reported a 31.7 per cent increase in net revenue at Rs 318.6 crore for the third quarter of FY18. The company reported an 82.8 per cent increase in ebitda at Rs 38.5 crore compared with Rs 21.2 crore during Q3FY17. Profit after tax (PAT) was Rs 14.2 crore for Q3FY18 compared with Rs 3.4 crore in Q3FY17. "RML posted good set of numbers led by pickup in demand from Indian OE customers and improved operational performance. Though the Die Casting Division experienced lower pull from international customers, it continued to improve on operational performance.

Source: Economic Times January 23, 2018 15:00 UTC