Holding Companies company Rane Holdings announced Q3FY25 results Financial Highlights: Total Revenue was Rs 1,245.9 crore for Q3FY25 compared to Rs 841.3 crore in the Q3FY24, an increase of 48.1%. EBITDA stood at Rs 83.4 crore for Q3FY25 compared to Rs 94.5 crore during Q3FY24, a decrease of 11.7%. EBITDA Margin at 6.7% for Q3FY25 against 11.2% in Q3FY24. PAT stood at Rs 4.2 crore for Q3FY25 compared to Rs 48.0 crore in Q3FY24, a decrease of 91.2%. PAT is after considering one-time impact of Rs 10.54 crore on account of tax credit reversal due to adoption of New Income Tax Regime by the subsidiary company REVL. Other Highlights: Consolidated sales grew by 48% mainly because of RSSL becoming a wholly owned subsidiary. On like-for-like basis, sales grew by 1%. Lower offtake from Indian OE customers was partially offset by marginal growth in sales to international customers. Sales to Aftermarket customers grew 13%. EBITDA margin decreased 453 bps. This was due to consolidation of RSSL which had an adverse product mix. In addition, there was a one-off provision for obsolete inventory, premium freight and forex reinstatement loss on overseas investments held by RML. There was also a one-off provision reversal in employee cost in Q3FY24. Result PDF
Holding Companies company Rane Holdings announced H1FY25 &Q2FY25; results Q2FY25 Consolidated Financial Highlights: Total Revenue was Rs 920.0 crore for Q2FY25 compared to Rs 930.5 crore in the Q2FY24, a decrease of 1.1%. EBITDA stood at Rs 84.7 crore for Q2FY25 compared to Rs 72.7 crore during Q2FY24, an increase of 16.6%. EBITDA Margin at 9.2% for Q2FY25 against 7.8% in Q2FY24. PAT stood at Rs 185.4 crore for Q2FY25 compared to Rs 51.1 crore in Q2FY24, an increase of 263.0%. H1FY25 Consolidated Financial Highlights: Total Revenue was Rs 1.757.5 crore for H1FY25 compared to Rs 1,828.2 crore in the H1FY24, a decrease of 3.9%. EBITDA stood at Rs 164.6 crore for H1FY25 compared to Rs 153.6 crore during H1FY24, an increase of 7.1%. EBITDA Margin at 9.4% for H1FY25 against 8.4% in H1FY24. PAT stood at Rs 204.9 crore for H1FY25 compared to Rs 63.2 crore in H1FY24, an increase of 224.4%. Operational Highlights: Revenue from Indian OE customers declined by 3%. Lower offtake from FT and CV customers. Revenues from International customers decreased 10% predominantlyon accountof divestmentof LMCA business. On an organic basis it declined by 2%. Revenue from Indian aftermarket segment increased by 5%. EBITDA improved margin by 140 bps supported by various cost savings initiatives. Exceptional items mainly represent amount received by Rane Steering Systems (P) Ltd (“RSSL") (formerly known as Rane NSK Steering Systems (P) Ltd) from NSK Ltd. (Japan) towards settlement of various claims as well as gain arising from the remeasurement of the existing stake of RSSL at fair value. Result PDF
Holding company Rane Holdings announced Q1FY25 results: Financial Highlights: Total Revenue was Rs 837.4 crore for Q1FY25 compared to Rs 897.7 crore In the Q1FY24, a decrease of 6.7% EBITDA stood at Rs 79.8 crore for Q1FY25 compared to Rs 80.9 crore during Q1FY24, a decrease of 1.4% EBITDA Margin at 9.5% for Q1FY25 against 9.0% in Q1FY24 PAT stood at Rs 19.5 crore for Q1FY25 compared to crore in Q1FY24, an increase of 61.2% Operational Highlights: Revenue from Indian OE customers grew 9% supported by strong grovrth in PV segment Revenues from International customers decreased 17% predominantly on account of divestment of LMCA business. On an organic basis it declined by 5% due to end of certain customer programs for steering and occupant safety products Revenue from Indian aftermarket segment decreased by 1 % EBITDA improved margin by 52 bps on account of LMCA divestment. On a like-for-like basis, adverse product mix and lower absorption of fixed cost impacted profitability. Result PDF