Chennai. Rane Holdings Limited (NSE: RANEHOLDIN; BSE Code: 505800), the holding Company of Rane group today announced financial performance for the second quarter (Q2FY25) and half year (H1FY25) ended September 30th, 2024.
Q2 FY25 Consolidated Performance
§ Total Revenue was ₹920.0 Crore for Q2 FY25 compared to ₹930.5 Crore in the Q2 FY24, a decrease of 1.1%
§ EBITDA stood at ₹84.7 Crore for Q2 FY25 compared to ₹72.7 Crore during Q2 FY24, an increase of 16.6%
§ EBITDA Margin at 9.2% for Q2 FY25 against 7.8% in Q2 FY24
§ PAT stood at ₹185.4 Crore for Q2 FY25 compared to ₹51.1 Crore in Q2 FY24, an increase of 263.0%
H1 FY25 Consolidated Performance
§ Total Revenue was ₹1,757.5 Crore for H1 FY25 compared to ₹1,828.2 Crore in the H1 FY24, a decrease of 3.9%
§ EBITDA stood at ₹164.6 Crore for H1 FY25 compared to ₹153.6 Crore during H1 FY24, an increase of 7.1%
§ EBITDA Margin at 9.4% for H1 FY25 against 8.4% in H1 FY24
§ PAT stood at ₹204.9 Crore for H1 FY25 compared to ₹63.2 Crore in H1 FY24, an increase of 224.4%
Operating Highlights for Q2 FY25
§ Revenue from Indian OE customers declined by 3%. Lower offtake from FT and CV customers.
§ Revenues from International customers decreased 10% predominantly on account of divestment of LMCA business. On an organic basis it declined by 2%
§ Revenue from Indian aftermarket segment increased by 5%
§ EBITDA improved margin by 140 bps supported by various cost savings initiatives.
§ Exceptional items mainly represent amount received by Rane Steering Systems (P) Ltd (“RSSL”) (formerly known as Rane NSK Steering Systems (P) Ltd) from NSK Ltd. (Japan) towards settlement of various claims as well as gain arising from the remeasurement of the existing stake of RSSL at fair value.
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