Rane Holdings Ltd News
Rane Holdings Q2FY25 results: Net profit increases to Rs 185.4 cr
Rane Holdings Ltd has recorded a consolidated profit after tax of Rs 185.4 crore during the July-September 2024 quarter, attributed to exceptional items, the company said on Tuesday. The holding company of the city-based diversified conglomerate Rane Group had registered a profit after tax of Rs 51.1 crore during the corresponding quarter of last year. For the six-month period ending September 30, 2024, the consolidated PAT grew to Rs 204.9 crore, compared to Rs 63.2 crore registered a year ago. In a statement on Tuesday, the company noted that the numbers for the second quarter and half-year period ending September 30, 2024, are not comparable with last year, due to the divestment of the LMCA business (Rane Light Metal Casting Inc., United States of America) and the acquisition of Rane Steering Systems Pvt Ltd from Japan-based NSK Ltd during the quarter. Total revenues during the July-September 2024 quarter stood at Rs 920 crore, compared to Rs 930.5 crore during the corresponding
 "Rane Holdings Q2FY25 results: Net profit increases to Rs 185.4 cr")
Rane Group stocks rally; Rane (Madras), Rane Engine, Rane Brake zoom 20%
Rane Holdings, on the other hand, surged 16 per cent to Rs 2,068.75. All these stocks hit their respective 52-week highs today
 "Rane Group stocks rally; Rane (Madras), Rane Engine, Rane Brake zoom 20%")
Rane Holdings Q1 result: PAT up 61.2% at Rs 19.5 cr, revenue at Rs 837.4 cr
Rane Holdings Ltd, the holding company of the diversified conglomerate Rane Group has reported a 61.2 per cent rise in its profit after tax for the April-June 2024 quarter at Rs 19.5 crore. The city-headquartered company had registered a profit after tax of Rs 12.1 crore during the corresponding quarter of last year. Total revenue during the quarter under review fell by 6.71 per cent to Rs 837.4 crore, from Rs 897.7 crore registered in the year ago period. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 79.8 crore for the April-June 2024 quarter as against Rs 80.9 crore registered year ago. EBITDA margin during the June-quarter was 9.5 per cent as against 9 per cent recorded in the same quarter of last year. Revenue from the domestic original equipment (OE) customers grew 9 per cent during the quarter under review supported a strong growth in the passenger vehicle segment. Revenues from international customers predominantly decreased by 17 p
 "Rane Holdings Q1 result: PAT up 61.2% at Rs 19.5 cr, revenue at Rs 837.4 cr")
