RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is further to our earlier letter intimating an Earnings Conference Call on Friday, November 10, 2023 at 14:00 Hrs (IST). We enclose herewith the updated invite for your reference and records. RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Newspaper Publication
We hereby enclose copies of the un-audited financial results of the Company for the quarter and half year ended September 30, 2023 (UFR) published on October 31, 2023, in the newspapers, viz., "Business Standard" (English) and "Hindu Tamizh Thisai" (Regional language). RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We hereby inform that an ''''Earnings Conference Call for Q2 of FY24'''' is scheduled on, Friday, November 10, 2023 at 14:00 hours (IST), inter alia, to discuss the un-audited financial results for the quarter ended Sep 30, 2023. The details of dial-in are enclosed. The presentation and transcript will also be made available on the website of the Company viz., www.ranegroup.com. Q2FY24 Quarterly Result Announced for Rane (Madras) Ltd.
Auto Parts & Equipments company Rane (Madras) announced Q2FY24 results: Standalone Q2FY24: - Total Revenue increased by 6.7%, reaching Rs 572.9 crore compared to Rs 537.0 crore in Q2FY23. - EBITDA grew by 20.1%, standing at Rs 52.6 crore compared to Rs 43.8 crore in Q2FY23. - EBITDA Margin increased to 9.2% in Q2FY24 from 8.1% in Q2FY23. - Net profit (after exceptional items) decreased to Rs 7.2 crore in Q2FY24 from Rs 15.8 crore in Q2FY23. Consolidated Q2FY24: - Total Revenue increased by 1.9%, reaching Rs 611.9 crore compared to Rs 600.6 crore in Q2FY23. - EBITDA decreased by 3.7%, standing at Rs 32.5 crore compared to Rs 33.8 crore in Q2FY23. - EBITDA Margin decreased to 5.3% in Q2FY24 from 5.6% in Q2FY23. - Net profit (after exceptional items) increased to Rs 17.8 crore in Q2FY24 from Rs 0.05 crore in Q2FY23. "RML continued the topline growth supported by strong execution on export demand. Though the domestic market remained positive, RML faced demand challenges in the Farm Tractor segment and served models in the Passenger Vehicle segment. With the LMCA divestment, management continues to focus on increasing the export mix. We are encouraged by the order book and resilience in the Indian demand environment. We prioritise operational improvements and cost savings in the dynamic macro and geopolitical environment", said L. Ganesh, Chairman, Rane Group. Result PDF RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Change in Management
This is to inform you that Mr. D Sundar, President - Light Metal Casting India Division (LMCI) (Senior Management), is retiring in accordance with policy of the Company, effective closure of business hours on October 31, 2023. As part of the succession planning, Mr. Aditya Ganesh, Strategy Head of Steering and Linkage division, has transitioned into the role as President - LMCI effective from July 01, 2023, based on approval of the shareholders at the 19th AGM held on July 26, 2023. Details pursuant to regulation 30 are available in the enclosed letter. RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Q2 FY24 Earnings Release RANE (MADRAS) LTD. - 532661 - Reconstitution Of Committees Of The Board
The Board at its meeting held earlier today i.e., oct 30, 2023, has reconstituted the composition of the Risk Management Committee w.e.f. Nov 01, 2023 as enclosed. RANE (MADRAS) LTD. - 532661 - Results - Financial Results For The Quarter And Half Year Ended September 30, 2023 (Unaudited - Standalone & Consolidated)
This is to inform that the Board of Directors at their Meeting held today, have inter-alia approved the un-audited financial results (Standalone & Consolidated) (UFR) of the Company for the quarter and half year ended Sep 30, 2023 as recommended by the Audit Committee at their respective meeting(s) held today (Oct 30, 2023). The UFR of the Company is enclosed along with the limited review report on both standalone & consolidated results issued by M/s. BSR & Co., LLP, Chartered Accountants, Statutory Auditors. (Reg 33). The unaudited Financial results (Standalone & consolidated) will be uploaded on the website of the Company at www.ranegroup.com and stock exchanges at www.bseindia.com and www.nseindia.com (Reg 46). An earnings release for the above results is also enclosed (Reg 30). The meeting of Board of Directors commenced at 11.40 hrs (IST) and concluded at 13:35 hrs (IST). RANE (MADRAS) LTD. - 532661 - Board Meeting Outcome for Board Meeting Outcome For Meeting Held On October 30, 2023 - Under Regulation 30 Of SEBI LODR
This is to inform that the Board of Directors, inter alia, approved the un-audited financial results (standalone & consolidated) (UFR) of the Company for the quarter and half year ended Sept 30, 2023 as recommended by the audit committee at their respective meeting(s) held today (October 30, 2023). The UFR of the Company is enclosed along with the Limited Review Report on both standalone & consolidated results issued by M/s. BSR & Co., LLP, Chartered Accountants, Statutory Auditors. (Regulation 33). The un-audited financial results (standalone & consolidated) will be uploaded on the website of the company at www.ranegroup.com and stock exchanges at www.bseindia.com and www.nseindia.com (Regulation 46). An 'earnings release' for the above results is also enclosed (Regulation 30). The meeting of the Board of Directors commenced at 11:40 hrs (IST) and concluded at 13 : 35 hrs (IST).
