Rane (Madras) posts Rs 16.5 cr PAT in Q1
PTI
Last Updated:
Mumbai, Aug 5 (PTI) Auto component maker and Rane Group firm Rane (Madras) on Tuesday posted an increase in consolidated profit after tax of Rs 18.5-crore in the June quarter.
The company had recorded a consolidated PAT of Rs 14.6 crore in the first quarter of FY25, Rane (Madras) said in a statement.
Total revenue for the quarter under review stood at Rs 884.4 crore, up 7.4 per cent from Rs 823.8 crore in the April-June period of the previous fiscal year, it said.
Sales to domestic original equipment (OE) customers grew 7 per cent on the back of higher off-take in the passenger vehicle and farm tractor segment.
Sales to international customers increased 15 per cent supported by strong offtake of steering products while sales to the domestic aftermarket customers declined 2 per cent, the company said.
The company said it is closely monitoring the evolving tariff decisions in the US, which accounts for 8 per cent of its total sales.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
43 minutes ago
- Time of India
RBI finalises co-lending framework starting Jan 2026
Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for originators. A 15-day loan transfer deadline may also drive lenders toward simpler direct assignment deals, ICRA said. The framework will become effective Jan 1, 2026. Credit enhancement for bonds RBI's norms on non-fund credit have allowed banks, financial institutions and NBFCs to offer partial credit enhancement to make certain types of bonds safer for investors. This facility can be extended to bonds issued by registered entities-municipal corporations, companies or special-purpose vehicles-for funding any type of project by large, non-deposit-taking NBFCs with assets of Rs 1,000 crore or more, subject to specified conditions. Call rate as policy anchor An RBI panel has recommended keeping the weighted average call rate as the main monetary policy target. It suggested ending 14-day variable rate repo and reverse repo (VRR/VRRR) auctions as the main liquidity tool, replacing them with 7-day operations and flexible terms up to 14 days when needed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Signs That A Heart Attack Is Imminent Learn It Wise Undo The RBI should usually give at least a day's notice for such actions, but can act the same day in special cases. Variable rate auctions will continue for all repo and reverse repo operations, including longer tenors. Existing liquidity management tools are considered sufficient, and the daily minimum CRR requirement will stay at 90% of the set level. Stay informed with the latest business news, updates on bank holidays and public holidays .
News18
an hour ago
- News18
Trump Doubles Tariffs On India To 50% Over Russian Oil Purchase, But Is Trade War Over?
President Donald Trump has doubled tariffs on Indian imports to 50%, citing New Delhi's continued purchase of Russian oil. As tensions escalate, how will India respond? Can New Delhi afford to retaliate? What could this mean for the global economy, energy markets, and trade relations? News18 Mobile App -
Time of India
an hour ago
- Time of India
EID Parry narrows loss to 28cr in Q1
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year. Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347 crore against Rs 404 crore in same quarter of last year, registering a de-growth of 14% due to lower release quota. Stay informed with the latest business news, updates on bank holidays and public holidays.
