Rane (Madras) Q1 profit rises 62 pc to Rs 30.1 cr

Chennai: Rane (Madras) Limited on Thursday announced its consolidated financial performance for the first quarter (Q1 FY27) ended June 30, 2026.

A company release said total revenue stood at Rs 1,050.6 crore in Q1 FY27, compared with Rs 884.4 crore in Q1 FY26, registering a growth of 18.8 per cent.

Sales to domestic original equipment customers grew 13 per cent, mainly driven by higher offtake in the passenger vehicle and farm tractor segments.

Sales to international customers increased 24 per cent, supported by strong offtake of steering products, while sales to Indian aftermarket customers grew 28 per cent.

Profit After Tax stood at Rs 30.1 crore in Q1 FY27, compared with Rs 18.5 crore in Q1 FY26, marking an increase of 62.5 per cent.

Finance costs declined 9.2 per cent year-on-year in Q1 FY27, driven by cost-competitive borrowings.

The company has entered into a Business Transfer Agreement to acquire the friction business of Hindustan Composites on a slump sale basis for an enterprise value of Rs 370 crore.

The transaction is subject to customary regulatory approvals and other closing conditions. It is expected to be completed by the end of the quarter, the release added.

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