Latest news with #Rane(Madras)
The Hindu
12 hours ago
- Business
- The Hindu
Rane (Madras) Limited to sell part of its Velachery land
Rane (Madras) Limited announced that its board has given approval to sell land measuring 3.48 acre out of the total land extent of 4.5 acre owned by the company in Velachery, Chennai to Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Projects Limited. Approval of the shareholders of the company was obtained on May 29, 2025. Rane said that all other details will be updated upon finalisation of key commercial terms and execution of definitive agreements. According to sources in the real estate sector, this property will be used for mixed use development including residential and commercial space. It is learnt that the total development size is around 1 million sq ft and the project is expected to commence in 2026. Arihant Foundations & Housing Limited declined to comment. Those in the real estate sector said that the land value per acre here is around Rs.90 crore. Recently, Bengaluru based real estate developer Brigade Enterprises had acquired 5.41 acre land parcel in Velachery. The transaction value of the acquisition was about Rs. 441.70 crore.
Time of India
27-05-2025
- Automotive
- Time of India
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.
