Rane Brake Lining : Financial Result Updates

Rane Brake Lining Limited

CIN L63011TN2004PLC054948

Regd Office: "Maithri", 132 Cathedral Road, Chennai 600 086

visit us at http://www.ranegroup.com

Statement of Unaudited Financial Results for the Quarter and Nine months ended December 31, 2021

Particulars

• Revenue
• 1. Revenue from operations
  2. Other Operating Income
  3. Other Income

Total Revenue

• Expenses
• 1. Cost of materials consumed
  2. Changes in inventories of finished goods, work-in-progress and stock-in-trade
  3. Employee benefits expenses
  4. Finance costs
  5. Depreciation and amortisation expense
  6. Other expenses

Total Expenses

• Profit (+) / Loss (-) before Exceptional Items (1-2)
  4 Exceptional Items
  5 Profit (+) / Loss (-) before tax (3+4) 6 Tax expense

Current Tax (Refer Note-5)

Deferred Tax

7 Profit / (Loss) for the period (5-6)

• Other Comprehensive Income (Net of Tax Expense)
• 1. Items that will not be reclassified subsequently to Profit or loss
  2. 1. Remeasurement of net defined benefit Liability / Asset
     2. Income tax relating to items that will not be classified to profit or loss

• Total Comprehensive income for the Period (7+8)
  (Comprising profit / (loss) and other comprehensive income for the period)

10 Details of equity share capital

	Quarter ended		Nine Months ended	Financial year
		ended
31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited) (Unaudited)	(Audited)
133.80	122.26	132.44	350.10	274.58	422.94
0.66	0.24	0.16	1.15	0.64	0.94
2.69	3.66	0.99	9.99	7.22	10.93
137.15	126.16	133.59	361.24	282.44	434.81
68.49	63.61	65.68	187.60	121.08	194.50
5.24	(0.04)	(2.64)	(2.63)	8.07	7.60
20.39	19.76	17.55	59.80	47.52	65.73
0.00	0.00	0.01	0.00	0.01	0.25
5.34	5.29	5.84	15.89	18.13	24.42
29.45	28.75	28.08	81.60	61.85	95.37
128.91	117.37	114.52	342.26	256.66	387.87
8.24	8.79	19.07	18.98	25.78	46.94
-	-	-	-	-	-
8.24	8.79	19.07	18.98	25.78	46.94
2.57	2.59	6.57	5.39	8.99	16.44
(1.21)	0.79	(0.39)	(0.42)	(0.75)	(1.30)
6.88	5.41	12.89	14.01	17.54	31.80
0.19	(0.52)	0.07	(0.96)	0.29	0.68
0.29	(0.80)	0.11	(1.47)	0.44	1.04
(0.10)	0.28	(0.04)	0.51	(0.15)	(0.36)
7.07	4.89	12.96	13.05	17.83	32.48

				7.73	7.73	7.81	7.73	7.81	7.75
11	Other Equity excluding revaluation reserves	-	-	-	-	-	229.91
12
	(a) Basic	8.89	7.00	16.40	18.12	22.20	40.45
	(b) Diluted	8.89	7.00	16.40	18.12	22.20	40.45

Rane Brake Lining Limited

CIN L63011TN2004PLC054948

Regd Office: "Maithri", 132 Cathedral Road, Chennai 600 086

visit us at http://www.ranegroup.com

Statement of Unaudited Financial Results for the Quarter and Nine months ended December 31, 2021

Notes:

• The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 27, 2022.
  2 The Company operates only in one segment, namely, manufacture and marketing of components for Transportation industry.

3 The previous period figures have been regrouped wherever necessary to conform to current period's presentation.

• The results for the period ended December 31, 2021 are not comparable as such with that of the period ended December 31, 2020 as the operations for the period ended December 31, 2020 were partially suspended on account of the lockdown announced by the Government of India consequent to the outbreak of COVID-19 pandemic.
  The company, based on the internal and external information available up to the date of approval of these unaudited financial results, has concluded that no adjustments are required in the carrying amounts of property, plant and equipment, inventories, trade receivables and other financial assets. However, given the uncertainties associated with the nature and duration of the pandemic, actual results may differ from those estimated as at the date of approval of the unaudited financial statements. The company will continue to monitor future economic conditions and update its assessment.

• Current tax for the period ended December 31, 2021, includes reversal of income tax provision of 0.77 crores, being tax related to earlier years arising out of settlement of pending income tax disputes by opting under the Vivad-Se-Vishwas scheme notified by the Government through "The Direct tax Vivad Se Vishwas Act, 2020".

• a) The company has approved the Buy back of the Company's fully paid up equity share as on October 15, 2020. During the year ended March 31, 2021, the Company
• 1. 
     bought back 1,62,621 Equity shares of each for an aggregate amount of crores. The Company has transferred crores to the Capital redemption reserve representing the face value of equity shares bought back.
  2. upto April 26, 2021 (end of buy back period), the Company further bought back 22,488 Equity shares of each for an aggregate amount of crores. The
     Company has transferred crores to the Capital redemption reserve during the period ended December 31, 2021 representing the face value of equity shares bought back.

• The financial results for the quarter ended December 31, 2021 are being published in the newspaper as per the format prescribed under Regulation 33 of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015. The financial results are also available on the Stock Exchange websites: www.bseindia.com and www.nseindia.com and on the company's website: www.ranegroup.com.

	For Rane Brake Lining Limited
Place : Chennai	L Ganesh
Date : January 27, 2022	Chairman

Rane Brake Lining Limited

Regd. Office : " MAITHRI ", 132, Cathedral Road, Chennai - 600 086 visit us at: www.ranegroup.com CIN No.L63011TN2004PLC054948

Extract of Unaudited Financial Results for the Quarter and Nine months ended December 31, 2021

		Quarter ended	Nine Months Ended
S.No	Particulars	31.12.2021	31.12.2020	31.12.2021	31.12.2020
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)
1	Total income from operations (net)	137.15	133.59	361.24	282.44
2	Net Profit / (Loss) for the period (before Tax and Exceptional items)	8.24	19.07	18.98	25.78
3	Net Profit / (Loss) for the period before tax (after Exceptional items)	8.24	19.07	18.98	25.78
4	Net Profit / (Loss) for the period after tax (after Exceptional items)	6.88	12.89	14.01	17.54
5	Total Comprehensive Income for the period [Comprising Profit / (Loss) for the	7.07	12.96	13.05	17.83
	period (after tax) and Other Comprehensive Income (after tax)
6	Equity Share Capital	7.73	7.81	7.73	7.81
7
	(a) Basic :	8.89	16.40	18.12	22.20
	(b) Diluted:	8.89	16.40	18.12	22.20
Note:

• The above is an extract of the detailed format of un-audited Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Disclosure Requirements) Regulations, 2015. The full format of the un-audited Financial Results are available on the Stock Exchange websites: www.bseindia.com and www.nseindia.com and on the company's website: www.ranegroup.com

• The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 27, 2022.

• The results for the period ended December 31, 2021 are not comparable as such with that of the period ended December 31, 2020 as the operations for the period ended December 31, 2020 were partially suspended on account of the lockdown announced by the Government of India consequent to the outbreak of COVID-19 pandemic.
  The company, based on the internal and external information available up to the date of approval of these financial results, has concluded that no adjustments are required in the carrying amounts of property, plant and equipment, inventories, trade receivables and other financial assets. However, given the uncertainties associated with the nature and duration of the pandemic, actual results may differ from those estimated as at the date of approval of the financial statements. The company will continue to monitor future economic conditions and update its assessment.

• a) The company has approved the Buy back of the Company's fully paid up equity share as on October 15, 2020. During the year ended March 31, 2021, the
  Company bought back 1,62,621 Equity shares of each for an aggregate amount of crores. The Company has transferred crores to the Capital redemption reserve representing the face value of equity shares bought back.
  b) upto April 26, 2021 (end of buy back period), the Company further bought back 22,488 Equity shares of each for an aggregate amount of crores. The
  Company has transferred crores to the Capital redemption reserve during the period ended December 31, 2021 representing the face value of equity shares bought back.

For Rane Brake Lining Limited

L Ganesh

Place : ChennaiChairman

Date : January 27, 2022

Varma & Varma

Chartered Accountants

Limited Review Report

To

The Board of Directors

Rane Brake Lining Limited

We have reviewed the accompanying statement of unaudited standalone financial results of Rane Brake Lining Limited ("the Company'') for the quarter and period ended 31st December nt to Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and

The preparation of this Statement in accordance with recognition and measurement principles

prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other Accounting Principles generally accepted in India, is the responsibility of the Company's Management and has been approved by the Board of Directors/ Committee of Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410,"Review of Interim Financial Information Performed by the Independent Auditor of the Entity'' issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results, prepared in all material respects in accordance with applicable accounting standards and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations,2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

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