Rane (Madras) Q1 FY27: Revenue up 18.8%, PAT surges 62.5% to ₹30.1 Crore
Rane (Madras) Limited reported Q1 FY27 consolidated revenue of ₹1,050.6 Crore, up 18.8% YoY. PAT surged 62.5% to ₹30.1 Crore. EBITDA increased 22.0% to ₹95.8 Crore. The company is acquiring Hindustan Composites' Friction Business and secured new business worth ₹2,040 Crore.
The strong financial performance, coupled with a strategic acquisition and substantial new business secured, is expected to have a significant positive impact on the company's future growth and market position.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with a strategic acquisition and new business wins.
Rane (Madras) Limited announced its consolidated financial performance for the first quarter of FY27 ended June 30, 2026. The company reported a revenue of ₹1,050.6 Crore, an increase of 18.8% compared to ₹884.4 Crore in Q1 FY26. Sales to domestic Original Equipment (OE) customers grew by 13%, driven by higher offtake in passenger vehicles and farm tractors. International customer sales rose by 24%, supported by strong demand for steering products, while sales to Indian Aftermarket customers increased by 28%.
EBITDA for the quarter stood at ₹95.8 Crore, up 22.0% from ₹78.5 Crore in Q1 FY26, with EBITDA margin improving to 9.1% from 8.9% year-on-year. This improvement was achieved despite inflationary pressures from the West Asian crisis, which were offset by operational initiatives and better fixed cost absorption.
Profit After Tax (PAT) saw a significant jump of 62.5%, reaching ₹30.1 Crore in Q1 FY27 compared to ₹18.5 Crore in Q1 FY26. Finance costs declined by 9.2% year-on-year due to cost-competitive borrowings.
In other significant developments, the company has entered into a Business Transfer Agreement to acquire the Friction Business of Hindustan Composites on a slump sale basis, with an expected completion by the end of the quarter, subject to regulatory approvals. Capital expenditure during the quarter was ₹6.2 Crore, primarily directed towards steering, linkages, and brake components divisions. The company also secured new business with a lifetime value of approximately ₹2,040 Crore.
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