Rane (Madras) Q2 FY27 Revenue Up 34.5% to ₹1,242.3 Cr; PAT Surges 1421.5%
Rane (Madras) Limited reported Q2 FY27 consolidated revenue of ₹1,242.3 crore, up 34.5% YoY. PAT surged 1421.5% to ₹326.7 crore, including a one-time gain of ₹292.1 crore from land sale. EBITDA grew 37.7% to ₹114.1 crore. The company secured ₹614 crore in new order wins.
The substantial revenue growth, significant increase in EBITDA, and a large order book acquisition are material positive developments for the company. The one-time gain in PAT, while distorting the net profit, still reflects a positive asset monetization event. These factors are likely to have a significant impact on investor perception and stock performance.
The company reported strong year-on-year growth in revenue and EBITDA. While PAT was significantly boosted by a one-time gain from land sale, the underlying operational performance shows positive trends with increased sales across domestic and international markets, and a healthy order book.
Rane (Madras) Limited has announced its unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27). The company reported a consolidated revenue of ₹1,242.3 crore, marking a significant year-on-year increase of 34.5%. This growth was driven by a 35% YoY increase in net sales, which rose to ₹1,223.3 crore in Q2 FY27 from ₹907.7 crore in Q2 FY26. The net sales include the acquired Friction business effective from August 20, 2026. Sales to domestic OE customers grew by 31%, while sales to international customers increased by 57%, supported by strong offtake of steering products. Sales to Indian Aftermarket customers rose by 11%.
The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹114.1 crore, up 37.7% YoY, with an EBITDA margin of 9.2%. Profit After Tax (PAT) surged by 1421.5% YoY to ₹326.7 crore. However, it is important to note that the Q2 FY27 PAT includes a one-time gain of ₹292.1 crore, net of tax, from the sale of Velachery land. Excluding this one-time gain, the PAT growth would be significantly lower.
Return on Capital Employed (ROCE) was reported at 13.5%, a decrease of 200 basis points YoY. The Net Debt to Equity ratio stood at 1.15x, an increase of 0.01 times YoY. The company also secured 26 new programs across multiple vehicle segments, adding ₹614 crore to its order book in terms of Lifetime Value (LTV), with export programs accounting for approximately 59% of the total LTV.
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Rane (Madras) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Rane (Madras) Limited. Read the original for the full detail.