Rane (Madras) Limited announced its Q2 FY25 results, showcasing a decline in both revenue and profitability. Total revenue stood at ₹530.7 crore, down 13.3% YoY from ₹611.9 crore in Q2 FY24. The company posted a net loss of ₹0.7 crore in Q2 FY25 compared to a profit of ₹17.8 crore in the same period last year, marking a significant drop of 103.8%.
Despite the decrease in revenue and profit, Rane (Madras) reported a 15.1% increase in EBITDA, which reached ₹37.4 crore in Q2 FY25 from ₹32.5 crore in Q2 FY24. The EBITDA margin also saw an improvement, rising to 7.1% compared to 5.3% in Q2 FY24.
In terms of operational performance, the company cited lower off-take from domestic OE and export customers as key contributors to the revenue decline. Sales to domestic OE customers fell by 10%, and export sales dropped by 6%. The company’s sales to the Indian aftermarket segment remained muted.
Additionally, the EBITDA margin faced a decline of 171 basis points, with lower material costs offset by one-off provisions. Despite the challenging environment, Rane (Madras) continues to focus on managing its operations efficiently while navigating market challenges.
