Auto Parts Rs Equipment company Rane (Madras) announced Q1FY25 results: Consolidated: Total Revenue was Rs 523.5 crore for Q1FY25 compared to Rs 590.0 crore in the Q1FY24, a decrease of 11.3% EBITDA stood at Rs 42 crore for Q1FY25 compared to Rs 44 crore during Q1FY24, a decrease of 4.5% EBITDA Margin at 8.0% for Q1FY25 against 7.5% in Q1FY24 PAT stood at Rs 3.4 crore for Q1FY25 compared to Net Loss of Rs 14.5 crore in Q1FY24 Standalone: Total Revenue was Rs 523.5 crore for Q1FY25 compared to Rs 590.0 crore in the Q1FY24, a decrease of 11.3% EBITDA stood at Rs 42 crore for Q1FY25 compared to Rs 44 crore during Q1FY24, a decrease of 4.5% EBITDA Margin at 8.0% for Q1FY25 against 7.5% in Q1FY24 PAT stood at Rs 3.4 crore for Q1FY25 compared to Net Loss of Rs 14.5 crore in Q1FY24 Operations Highlights: Sales to Domestic OE customers had muted growth of 1%. Growth in PV segment was offset by drop in FT volume Export Sales declined 5%. Lower off-take of steering products particularly in the ATV segment. Sales to Indian Aftermarket customers grew by 1%. EBITDA margin declined by 114 bps on account of inflationary pressure on select materials and freight. There was an exceptional expense of Rs 18.75 crore made towards provision for one time warranty costs and VRS in Q1FY24. There is a forex loss of Rs 2.56 crore relating to the Mexican subsidiary which has impacted the consolidated EBITDA for Q1FY25. Result PDF
Auto Parts & Equipment company Rane (Madras) announced Q4FY24 results: Standalone Q4FY24 Financial Highlights: Total Revenue was Rs 519.4 crore for Q4FY24 compared to Rs 567.1 crore in the Q4FY23, a decrease of 8.4% EBITDA stood at Rs 27.8 crore for Q4FY24 compared to Rs 63.2 crore during Q4FY23, a decrease of 56.0% EBITDA Margin at 5.4% for Q4FY24 against 11.1% in Q4FY23 Net Loss stood at Rs 6.5 crore for Q4FY24 compared to loss of Rs 195.7 crore in Q4FY23 which includes an impairment of Rs 223 crore Consolidated Q4FY24 Financial Highlights: Total Revenue was Rs 519.3 crore for Q4FY24 compared to Rs 630.1 crore in the Q4FY23, a decrease of 17.6% EBITDA stood at Rs 25.8 crore for Q4FY24 compared to Rs 64.0 crore during Q4FY23, a decrease of 59.7% EBITDA Margin at 5.0% for Q4FY24 against 10.2% in Q4FY23 Net loss stood at Rs 9.4 crore for Q4FY24 compared to a profit of Rs 9.5 crore in Q4FY23 Result PDF
Auto Parts & Equipments company Rane (Madras) announced Q2FY24 results: Standalone Q2FY24: - Total Revenue increased by 6.7%, reaching Rs 572.9 crore compared to Rs 537.0 crore in Q2FY23. - EBITDA grew by 20.1%, standing at Rs 52.6 crore compared to Rs 43.8 crore in Q2FY23. - EBITDA Margin increased to 9.2% in Q2FY24 from 8.1% in Q2FY23. - Net profit (after exceptional items) decreased to Rs 7.2 crore in Q2FY24 from Rs 15.8 crore in Q2FY23. Consolidated Q2FY24: - Total Revenue increased by 1.9%, reaching Rs 611.9 crore compared to Rs 600.6 crore in Q2FY23. - EBITDA decreased by 3.7%, standing at Rs 32.5 crore compared to Rs 33.8 crore in Q2FY23. - EBITDA Margin decreased to 5.3% in Q2FY24 from 5.6% in Q2FY23. - Net profit (after exceptional items) increased to Rs 17.8 crore in Q2FY24 from Rs 0.05 crore in Q2FY23. "RML continued the topline growth supported by strong execution on export demand. Though the domestic market remained positive, RML faced demand challenges in the Farm Tractor segment and served models in the Passenger Vehicle segment. With the LMCA divestment, management continues to focus on increasing the export mix. We are encouraged by the order book and resilience in the Indian demand environment. We prioritise operational improvements and cost savings in the dynamic macro and geopolitical environment", said L. Ganesh, Chairman, Rane Group. Result PDF