Rane (Madras) Ltd Q2FY26 Profit Rises 33.2% YoY to ₹21.5 Crore; Revenue Up 8.4%

Chennai, November 4, 2025: Auto components manufacturer Rane (Madras) Ltd (NSE: RML, BSE: 532661) reported a strong performance for the quarter ended September 30, 2025, posting a 33.2% year-on-year (YoY) rise in consolidated net profit at ₹21.5 crore, compared to ₹16.1 crore in the same quarter last year. The growth was driven by improved operating efficiency and higher sales across domestic and export markets.

Rane (Madras) Ltd is a key supplier of steering, suspension, brake, engine, and light-metal-casting components. It supplies to major OEMs and aftermarket customers across passenger vehicles, commercial vehicles, farm tractors, two- and three-wheelers, railways, and stationary engines. The company is part of the Rane Group, with its shares listed on the NSE and BSE under the tickers RML and 532661, respectively.

Q2FY26 Financial Performance

The company reported ₹923.4 crore in revenue from operations during the quarter, marking an 8.4% year-on-year (YoY) increase from ₹851.8 crore. EBITDA also rose 10.6% YoY to ₹82.9 crore, compared to ₹74.9 crore in the same quarter last year, with the EBITDA margin expanding by 18 bps to 9.0%, reflecting stronger profitability. The profit after tax (PAT) surged 33.2% YoY to ₹21.5 crore, up from ₹16.1 crore in Q2FY25.

For the first half of FY26 (H1FY26), revenue reached ₹1,807 crore, a 7.9% YoY growth, while net profit advanced 30.1% to ₹40 crore, demonstrating sustained performance momentum across the period.

Segment Highlights

All business segments of the company delivered a positive performance during the quarter. Domestic OEM sales rose 6%, driven by stronger demand in the passenger vehicle and farm tractor segments. International sales registered a 10% growth, while Indian aftermarket sales surged 17%, supported by the restructuring of the Group’s Aftermarket Product Business, which enhanced operational efficiency and market reach.

Balance Sheet Highlights

The company also reported a stronger balance sheet as of September 30, 2025. Total assets stood at ₹2,411.0 crore, up from ₹2,269.1 crore as of March 31, 2025. Total equity rose to ₹680.0 crore from ₹670.9 crore, reflecting steady capital growth. Total liabilities increased to ₹1,731.0 crore, compared to ₹1,598.2 crore previously, while cash and cash equivalents improved to ₹42.1 crore from ₹33.8 crore, indicating better liquidity management.

Market Snapshot

The share price of Rane (Madras) Limited closed at ₹843.30 as of November 04, 2025 This was a 3.86% or ₹31.70 rise from its previous close of ₹821.30. The intraday range was between ₹814.80 and ₹853.00. The company had a positive trading session, with a total traded value and volume of ₹2.98 crore and 0.36 lakh shares, respectively. Further, its total market capitalisation stood at ₹2,357.45 crore.

REF: https://nsearchives.nseindia.com/corporate/RML_04112025153802_RML_ER_Q2_202526_SD.pdf

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