Rane Holdings

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 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 locks in 20% upper circuit on acquiring major stake in JV Co

Shares of Rane Holding locked in 20 per cent upper circuit, hitting its 52-week high at Rs 1605.75 per share on the BSE in Monday's intraday deals

Rane Holdings Ltd reports consolidated loss of Rs 8.1 cr in March quarter

Rane Holdings Ltd, the holding company of Rane Group has reported consolidated net loss at Rs 8.1 crore for the fourth quarter ending March 31, 2023, the company said on Saturday. The city-based company had registered consolidated net loss at Rs 12.8 crore during corresponding quarter of previous year. For the year ending March 31,2023, the consolidated profit after tax surged to Rs 87.3 crore form Rs 35.1 crore registered year ago. Total revenue during the quarter under review stood at Rs 948.2 crore as compared to Rs 791.9 crore recorded in the same period of previous year. For the year ending March 31, 2023 the consolidated revenue grew to Rs 3,537.5 crore from Rs 2,714.7 crore registered last fiscal. The Board of directors has recommended a dividend of Rs 17 per equity share on the paid up capital of 1,42,77,809 of Rs 10 each, the company said. On the group's operational performance during the quarter ending March 31, 2023 the company said, the revenue from domestic original

Bosch, Uno Minda: Analysts bet on airbag makers on govt push for car safety

Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA

Top moves: Rane Holdings names Lakshman chairman emeritus, L Ganesh is CMD

Lakshman, retired on March 31, has serve firm since Oct 1992; Harish Lakshman named Vice-Chairman