RANE (MADRAS) LTD.

Rane (Madras) Limited announced its consolidated financial results for Q1 FY27, reporting a significant year-on-year increase in key financial metrics. Revenue grew by 18.8% to ₹1,050.6 Crores, driven by strong performance in both domestic and international markets. Sales to domestic OE customers increased by 13%, while international sales rose by 24%. The company also saw a substantial 62.5% jump in Profit After Tax (PAT) to ₹30.1 Crores, compared to ₹18.5 Crores in Q1 FY26. EBITDA also saw a healthy increase of 22.0% to ₹95.8 Crores, with EBITDA margin improving to 9.1%. The company also mentioned entering a Business Transfer Agreement to acquire the Friction Business of Hindustan Composites and secured new business with a lifetime value of ₹2,040 Crores.

Rane (Madras) Ltd announced its un-audited financial results for the first quarter of FY 2026-27 ended June 30, 2026. The Board of Directors approved the standalone and consolidated results, along with the Limited Review Report from M/s. BSR & Co., LLP. The company also approved the re-appointment of M/s. Jayaram & Associates as Cost Auditor for FY 2026-27. The results and an earnings release have been enclosed with the filing and will be uploaded on the company and stock exchange websites.

Rane Madras's Q1FY27 print was strong on both lines, matching management's own "resilient" framing in the earnings release. Consolidated PAT of ₹30.1 Cr grew 62.4% YoY, though the comparison flatters slightly: the year-ago quarter carried a ₹1.01 Cr voluntary-retirement exceptional charge that this quarter does not, so underlying growth is closer to ~56% YoY — still well ahead of the 18.8% revenue growth, pointing to genuine operating leverage rather than a one-off. There is no third-party consensus estimate on record for this quarter to grade the print against, so a formal beat/miss call isn't possible here. The margin story sits on the EBITDA line: EBITDA rose 22% YoY to ₹95.8 Cr and the margin expanded 24bps to 9.1%, which management attributes to operational initiatives and better fixed-cost absorption offsetting input-cost inflation tied to the West Asian crisis. That expansion is YoY only — sequentially the margin was essentially flat against Q4FY26's 9.12%, and PAT actually fell 18.6% QoQ from ₹37.0 Cr, a normalization off a stronger Q4 rather than a deterioration. Standalone results ran hotter than consolidated (PAT +71.7% YoY to ₹32.15 Cr vs consolidated's +62.4%), with the gap explained by the ₹2.30 Cr net loss booked at two small, unreviewed overseas subsidiaries this quarter. Against the optimistic FY27 outlook management laid out on the May 2026 call — double-digit EBITDA margins, debt-to-equity trending to 0.5, and strong export growth — this quarter is directionally on track but not fully there: exports grew 24% YoY, validating that specific call-out, while the 9.1% margin is progressing toward, but still short of, the double-digit full-year target with three quarters to go. The quarter also carried two corporate actions tied to the growth story: the Board approved a Business Transfer Agreement to acquire Hindustan Composites' friction business for an enterprise value of ₹370 Cr (targeted to close by end of Q2FY27, no impact on this quarter's numbers), and the company secured new business wins worth ~₹2,040 Cr in lifetime value, alongside ₹76.2 Cr of capex into steering/linkages and brake components that tracks management's ₹240-250 Cr (Rane Madras) plus ₹50 Cr (Rane Steering) full-year capex guidance. Going into Q2FY27, the two things to track are the friction-business acquisition close and its effect on the balance sheet and margin mix, and whether EBITDA margin closes the remaining ~90bps gap to management's double-digit target as the year progresses.

Rane (Madras) Ltd has released its Annual Report for FY 2025-26, which includes financial highlights and operational performance data. The report indicates a Total Income of ₹3,875.01 Crores and Profit After Tax (PAT) of ₹111.44 Crores for FY26. The company has scheduled its 22nd Annual General Meeting (AGM) for August 05, 2026, to be held via Video Conference (VC) / Other Audio Visual Means (OAVM). E-voting facilities will be available from August 02 to August 04, 2026. The Annual Report and AGM notice are available on the company's website.

Rane (Madras) Ltd has announced its 22nd Annual General Meeting (AGM) will be held on Wednesday, August 5, 2026, at 14:00 IST via Video Conference (VC) / Other Audio Visual Means (OAVM). The company has engaged CDSL for e-voting services. Key agenda items include adopting the Audited Financial Statements for FY 2025-26, declaring a dividend of ₹16 per equity share, re-appointing a director retiring by rotation, ratifying the Cost Auditor's remuneration, and re-appointing an Independent Director. The Annual Report for FY 2025-26 and the AGM notice are available on the company's website.

Rane (Madras) Ltd. has entered into a Business Transfer Agreement (BTA) to acquire the friction business of Hindustan Composites Limited (HCL) for a lumpsum consideration of ₹370 crores. The acquisition, approved by Rane's Board on June 30, 2026, is on a cash-free, debt-free slump sale basis and includes HCL's friction business assets, liabilities, contracts, licenses, and employees as a going concern. This strategic move aims to establish Rane (Madras) as a market leader in automotive friction components, leveraging manufacturing scale, an expanded distribution network, and enhanced R&D capabilities. The deal also includes the acquisition of the "COMPO" brand. HCL's friction business reported a turnover of ₹315.04 crores in 2026. The acquisition is subject to customary closing conditions and necessary approvals, with an indicative completion period by September 30, 2026.

Rane (Madras) Limited (RML) has entered into a Business Transfer Agreement (BTA) with Hindustan Composites Limited (HCL) to acquire its friction business on a slump sale basis for an enterprise value of ₹370 Crore. This acquisition includes assets, liabilities, contracts, licenses, and employees, operating as a going concern. HCL's Friction Business has over six decades of experience and a product portfolio including brake linings, brake pads, and clutch facings, with two manufacturing facilities. In FY26, it reported revenue of ₹315.04 crore and PBT of ₹40.29 crore. The deal is expected to create a ₹1,000+ crore friction materials business for RML, establishing it as a market leader across major segments and unlocking operational synergies. The transaction is subject to customary closing conditions and regulatory approvals, with completion expected by the end of Q2.

Rane (Madras) Ltd has entered into a Business Transfer Agreement (BTA) with Hindustan Composites Limited (HCL) to acquire its friction business for a lumpsum consideration of ₹370 crores on a cash-free, debt-free basis. The acquisition, structured as a slump sale, includes assets, liabilities, contracts, licenses, and employees, and is expected to be completed by September 30, 2026, subject to closing conditions and necessary approvals. This strategic move aims to consolidate Rane's market leadership in the friction business, unlock operational synergies, expand its distribution network, and enhance R&D capabilities. The acquired business comprises manufacturing and marketing of brake liners, roll lining, brake blocks, and clutch facing, along with the brand "COMPO".

Rane (Madras) Ltd announced the appointment of Ramkumar Lakshminarayanan as an Independent Director. The Board of Directors approved the proposal on June 30, 2026, based on the Nomination & Remuneration Committee's recommendation. His term will commence on July 01, 2026, and conclude on April 08, 2031, subject to shareholder approval at the 22nd Annual General Meeting. Lakshminarayanan brings extensive experience, including a former role as Managing Director of Tube Investments of India Ltd and board positions in other listed companies.

Rane (Madras) Ltd has announced that its trading window will be closed from June 30, 2026, to August 07, 2026. This closure is in accordance with the company's Insider Code and is to facilitate the consideration and approval of the Unaudited Financial Results (Standalone & Consolidated) for the quarter ending June 30, 2026. The Board of Directors meeting to approve these results is scheduled for August 05, 2026. This measure is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.