Bigul

Q1FY24 Quarterly Result Announced for Rane Holdings Ltd.

Auto parts & equipment company Rane Holdings announced consolidated Q1FY24 results: Total revenue was Rs 897.7 crore in Q1FY24 compared to Rs 821.1 crore in Q1FY23, an increase of 9.3% EBITDA stood at Rs 80.9 crore compared to Rs 58.0 crore during Q1FY23, an increase of 39.5% EBITDA margin at 9.0% for Q1FY24 against 7.1% in Q1FY23 Net profit stood at Rs 12.1 crore for Q1FY24 compared to Rs 20.6 crore in Q1FY23, a decrease of 41.3% "Q1FY24 was an eventful quarter for Rane Group companies with demand remaining strong across major customer segments in India and International markets. Focused cost reduction initiatives and favourable material price trends resulted in profitability improvement. Demand across major vehicle segments continues to remain robust. We are closely monitoring the evolving economic indicators and continuing to prioritise cost reduction and operational improvement programs in the upcoming quarter," said L. Ganesh, Chairman & Managing Director, Rane Holdings. Result PDF
04-08-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Results - Financial Results For The Quarter Ended June 30, 2023 (Unaudited - Standalone & Consolidated)

This is to inform that the BOD have approved the un-audited financial results (Standalone and consolidated) of the Company for the quarter ended June 30, 2023 (UFR) as recommended by the Audit Committee at their respective meetings held today (Aug 04, 2023). The UFR is enclosed along with the limited review report on both results issued by M/s. BSR & Co, LLP, Chartered accountants, Statutory Auditors. (Reg 33). The UFR 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 the Board commenced at 11:30 hrs (IST) and concluded at 12:09 hrs (IST)
04-08-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Board Meeting Outcome for Board Meeting Held On August 04, 2023 - Under Regulation 30 Of SEBI LODR

This is to inform that the BoD have approved the un-audited financial results (standalone & consolidated) of the Company for the quarter ended June 30, 2023 (UFR) as recommended by the audit committee at their respective meeting(s) held today (August 04, 2023). The UFR is enclosed along with the Limited Review Report on both results issued by M/s. BSR & Co, LLP, Chartered Accountants, Statutory Auditors. (Regulation 33). The UFR 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 commenced at 10:30 hrs (IST) and concluded at 12:09 hrs (IST).
04-08-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Update - Completion Of Divestment Of Subsidiary And Acquisition

This is further to our aforementioned letters regarding the divestment of entire investment in Rane t4u Private Limited (Rt4u), a subsidiary of the Company, in exchange for allotment of equity shares in eTrans Solutions Private Limited (eTrans). On July 19, 2023, the Company has been allotted 8,62,505 (Eight lakhs Sixty two thousand five hundred and five) Equity Shares having face value of Rs. 10/- each of eTrans representing 11.94% of equity share capital of eTrans in exchange for sale of entire investment held in Rt4u to eTrans effective July 19, 2023. Consequently, Rt4u ceases to be a subsidiary effective July 19, 2023.
19-07-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Business Responsibility and Sustainability Reporting (BRSR)

Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the Business Responsibility and Sustainability Report (BRSR) of the Company for the financial year 2022-23 which also forms part of the Annual report for the Financial year 2022-23. The BRSR is also available on the website of the Company at www.ranegroup.com
10-07-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Announcement under Regulation 30 (LODR)-Newspaper Publication

We enclose herewith the copy of advertisements published on July 10, 2023 in newspapers - business Standard (English) and Hindu Tamizh Thisai (Tamil) in connection with the 87th AGM scheduled to be held on Friday, August 04, 2023 through VC/OAVM and the same is available on the website of the Company at www.ranegroup.com
10-07-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Reg. 34 (1) Annual Report.

The Eighty Seventh Annual General Meeting (87th AGM) is scheduled to be held on Friday, August 04, 2023 at 14:00 hrs IST through Video Conference (VC)/Other Audio Visual Means (OAVM). The Copy of 87th Annual report along with the notice of the 87th AGM dated May 12, 2023 is being sent to shareholders of the Company and the same is also available on the website of the Company at www.ranegroup.com
10-07-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Shareholder Meeting - 87Th AGM On August 04, 2023 (Friday)

The Eighty Seventh Annual General Meeting (87th AGM) is scheduled to be held on Friday, August 04, 2023 at 14:00 hrs IST through Video Conference (VC)/Other Audio Visual Means (OAVM). The Company has engaged Central Depository Services (India) Limited (CDSL) for providing e-voting services and VC/OAVM facility for this AGM. The notice of the 87th AGM dated May 12, 2023 is being sent to the shareholders of the Company, is enclosed herewith and the same is also available on the website of the company at www.ranegorup.com.
10-07-2023
Bigul

RANE HOLDINGS LTD. - 505800 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Please find enclosed a copy of the Certificate dated July 03, 2023, received from M/s. Integrated Registry Management Services Private Limited, RTA of the Company for the quarter ended June 30, 2023.
06-07-2023
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