Rane Holdings announced Q3FY24 & 9MFY24 results:<br><br>Consolidated Q3FY24 Performance:<br>- Total Revenue: Rs 841.3 crore, a decrease of -7.1% from Q3FY23.<br>- EBITDA: Rs 94.5 crore, down by 13.7% compared to Q3FY23.<br>- EBITDA Margin: 11.2% for Q3FY24, a decrease from 12.1% in Q3FY23.<br>- Net Profit: Rs 48.0 crore, a decrease of 6.6% from Rs 51.5 crore in Q3FY23.<br><br>Consolidated 9MFY24 Performance:<br>- Total Revenue: Rs 2,669.6 crore, up by 3.1% from 9MFY23.<br>- EBITDA: Rs 248.1 crore, an increase of 5.9% from 9MFY23.<br>- EBITDA Margin: 9.3% for 9MFY24, up from 9.0% in 9MFY23.<br>- Net Profit: Rs 111.2 crore, a significant increase of 16.6% from 9MFY23.<br><br>Operational Performance for Q3FY24:<br>- Revenue from Indian OE customers grew by 12%.<br>- Revenue from International customers decreased by 10% due to divestment of LMCA business.<br>- Organic growth is reported at 4%.<br>- Indian aftermarket segment revenue increased by 1%.<br>- EBITDA margin decreased by 86 bps mainly due to adverse product mix.<br><br>"The group companies continued to benefit on account of the positive demand environment in India and worked on operational improvement initiatives. Despite sluggish demand on certain segments and increased risks globally, we remain cautiously optimistic and prioritise on cost savings initiatives", L. Ganesh, Chairman & Managing Director, Rane Holdings.<br><br>Result PDF