May 23, 2018 11:27 AM ET

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Company Overview of Rane NSK Steering Systems Ltd.

Company Overview

Rane NSK Steering Systems Ltd. manufactures and sells manual and electric-power steering systems. The company was incorporated in 1995 and is based in Chennai, India. Rane NSK Steering Systems Ltd. operates as a subsidiary of NSK Ltd.

14 Rajagopalan Salai

Vallancherry

Guduvancherry

Chennai,  603 202

India

Founded in 1995

Phone:

91 41 1426 6002

Fax:

91 41 1426 5313

Key Executives for Rane NSK Steering Systems Ltd.

President
Age: 65
Compensation as of Fiscal Year 2017.

Rane NSK Steering Systems Ltd. Key Developments

Rane NSK Steering Systems Announces Earnings Results for the Full Year Ended March 31, 2018

Rane NSK Steering Systems announced earnings results for the full year ended March 31, 2018. For the year, the company reported net sales of INR 12,951 million against INR 10,017 million a year ago. EBITDA was INR 1,929 million against INR 1,357 million a year ago. PBT was INR 1,463 million against INR 910 million a year ago. Sales growth was driven by higher offtake from served models in passenger car and MUV segments. EPS was INR 34.2 against INR 66.7 a year ago.

Rane NSK Steering Systems Announces Unaudited Earnings Results for the Third Quarter and Nine Months of Fiscal Year 2018

Rane NSK Steering Systems announced unaudited earnings results for the third quarter and nine months of fiscal year 2018. For the quarter, the company reported net sales of INR 3,210 million against INR 2,310 million a year ago. EBITDA was INR 513 million against INR 306 million a year ago. PBT was INR 402 million against INR 202 million a year ago. Sales growth was driven by higher offtake from served models in passenger car and MUV segments. Material cost reduction and one off price settlement helped in margin improvement in EBITDA. Lower finance cost and depreciation helped to improve PBT margin. For the nine months, the company reported net sales of INR 9,230 million against INR 6,914 million a year ago. EBITDA was INR 1,424 million against INR 868 million a year ago. PBT was INR 1,395 million against INR 547 million a year ago. PAT was INR 949 million against INR 355 million a year ago.

Rane NSK Steering Systems Ltd. Reports Earnings Results for the Second Quarter and Six Months of Fiscal Year 2018

Rane NSK Steering Systems Ltd. reported earnings results for the second quarter and six months of fiscal year 2018. For the second quarter, the company reported net sales increased by 32.3% to INR 3,298 million in second quarter of fiscal year 2018 from INR 2,493 million in second quarter of fiscal year 2017. EBITDA increased by 57.3% to INR 508 million in second quarter fiscal year 2018 from INR 323 million in second quarter of fiscal year 2017. PBT increased by 82.6% to INR 38.9 million in second quarter of fiscal year 2018 from INR 21.3 million in second quarter of fiscal year 2017. For the six months, the company reported net sales of INR 6,021 million against INR 4,604 million a year ago. EBITDA was INR 911 million against INR 562 million a year ago. PBT before exceptional items was INR 672 million against INR 344 million a year ago. PBT was INR 993 million against INR 344 million a year ago. PAT was INR 684 million against INR 228 million a year ago.

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