Rane (Madras) reports 31.2% decline in PAT for FY25
Rane (Madras) Limited
announced a
consolidated profit after tax
of ₹37.6 crore for the financial year ending March 31, 2025, a 31.2per cent decrease compared to the previous year's ₹54.8 crore following its
merger with Rane Brake Lining
Ltd. and Rane Engine Valve Ltd. The company saw a slight dip in total revenue but experienced growth in EBITDA and improved margins, driven by a favorable sales mix and reduced operating expenses. Despite a rise in Q4 revenue and EBITDA, net profit for the quarter declined.
Total revenue for FY25 reached ₹3,421.4 crore, a slight decrease from the ₹3,473 crore reported in FY24, marking a 1.5 per cent decline. EBITDA for the year experienced growth, increasing by 6.9per cent to ₹297.7 crore. Margins also improved, reaching 8.7per cent , up from 8.0per cent in the previous year.
Q4 FY25
In the fourth quarter of FY25, the company's consolidated revenue increased by 5.8per cent year-on-year, reaching ₹905.3 crore. EBITDA for the quarter grew to ₹82.8 crore, a 14.7per cent increase compared to the same period last year. Q4 EBITDA margins reached 9.1 per cent , an improvement from the 8.4per cent reported a year ago. However, net profit for Q4 FY25 declined to ₹6.5 crore, down from ₹10.8 crore in Q4 FY24.
Sales performance varied across different segments. Domestic sales to original equipment manufacturers (OEMs) grew by 6.3per cent , driven by demand in the passenger vehicle and farm tractor segments. Export sales experienced a rise of 3.4per cent , fueled by demand for steering and casting products. Sales to the Indian aftermarket increased by 8.1per cent , supported by dealer network expansion.
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