Rane Holdings Limited – Investor Presentation Summary

Key Operational Highlights

  • The Rane Group is a supplier of precision-engineered products to domestic and global automotive makers, with Group Sales of Rs. 8,414 Cr (~USD 955 Mn) in FY'26.
  • The Group serves industry segments: Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Three-wheelers, Railways and Stationary Engines.
  • Key Operational Awards: Rane (Madras) Limited received multiple awards including a Sustainability Award from TMCV, TPM awards from CII, and Safety Awards from TN-SPWA. Rane Steering Systems Pvt. Ltd. received a CII Eco Edge Progressive Certificate and multiple safety/ESG awards from TN-SPWA. Joint ventures ZRAI and ZLRAI received delivery excellence and quality awards.

Segment-wise Performance

  • The presentation provides a breakdown of the company's investments and their proportion of total Lifetime Value (LTV): Rane (Madras) Limited (Rs. 614 Crores, 78% of total LTV), Rane Steering Systems Pvt Ltd (Rs. 5 Crores, 1% of total LTV), ZF Rane Automotive India Pvt Ltd (Rs. 114 Crores, 14% of total LTV), ZF Lifetec Rane Automotive India Pvt Ltd (Rs. 55 Crores, 7% of total LTV).

Financial Highlights

Rane Holdings Limited – Consolidated Performance (Q2 FY27):

  • Revenue: Rs. 1,067 Cr (vs. Rs. 1,091 Cr in Q2 FY26, -2% YoY)
  • EBITDA: Rs. 80 Cr (vs. Rs. 75 Cr in Q2 FY26)
  • PAT: Rs. 305.1 Cr (vs. Rs. 12.9 Cr in Q2 FY26)
  • EBITDA Margin: 7.5% (vs. 6.9% in Q2 FY26, +60 bps)
  • PAT includes a one-time gain of Rs. 292.1 Cr, net of tax, from the sale of Velachery land of Rane (Madras) Limited; stamp duty expenses of Rs. 1.5 Cr on acquisition of the Friction Business; Rs. 2.5 Cr from reversal of warranty provision in RSSL; and share of warranty provision of Rs. 41.5 Cr (net off tax) related to product recall liability at JV entity.

Rane (Madras) Limited – Consolidated Performance (Q2 FY27):

  • Revenue: Rs. 614 Cr
  • EBITDA: Rs. 42 Cr
  • PAT: Rs. 319 Cr (includes one-time gains of Rs. 292.1 Cr, net of tax, from the sale of Velachery land)

Rane Steering Systems Private Limited - Performance (Q2 FY27):

  • Revenue: Rs. 388 Cr
  • EBITDA: Rs. 11 Cr
  • EBITDA Margin: 2.9%

ZF Rane Automotive India Private Limited - Performance (Q2 FY27):

  • Revenue: Rs. 324 Cr
  • EBITDA: Rs. 19 Cr
  • EBITDA Margin: 5.9%

ZF Lifetec Rane Automotive India Private Limited - Performance (Q2 FY27):

  • Revenue: Rs. 114 Cr
  • EBITDA: Rs. 6 Cr
  • EBITDA Margin: 5.3%

Geographical Revenue Split

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Balance Sheet Snapshot

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Capex & Cash Flow Health

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Strategic & R&D Initiatives

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Industry Trends & Business Environment

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Management Commentary & Growth Outlook

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