Document Title: Rane Madras Q2 FY27 Financial Results and Business Update
Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and half year ended September 30, 2026 (Q2 FY27, H1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Date of Board Meeting / Approval: November 03, 2026
Audit Opinion: Clean (Limited Review Report with no modifications)
Auditor's Comment: No material misstatements identified in the review
Key Financial Highlights [₹ Crores]
Standalone Results:
Revenue from Operations: Q2 FY27: ₹1,237.62 (vs Q2 FY26: ₹919.52, +34.6% YoY); H1 FY27: ₹2,279.27 (vs H1 FY26: ₹1,800.40, +26.6% YoY)
Total Income: Q2 FY27: ₹1,242.65; H1 FY27: ₹2,293.29
Net Profit: Q2 FY27: ₹328.89 (vs Q2 FY26: ₹22.85, +1339% YoY); H1 FY27: ₹360.84 (vs H1 FY26: ₹41.57, +768% YoY)
EPS: Basic Q2 FY27: ₹118.93 (vs Q2 FY26: ₹8.27); H1 FY27: ₹130.56 (vs H1 FY26: ₹15.04)
Other Equity: As at September 30, 2026: ₹1,062.45 (vs March 31, 2026: ₹745.56)
Cash and Cash Equivalents: As at September 30, 2026: ₹12.06
Debt: Non-current borrowings: ₹270.89; Current borrowings: ₹754.56; Total borrowings: ₹1,025.45
Consolidated Results:
Revenue from Operations: Q2 FY27: ₹1,237.14 (vs Q2 FY26: ₹919.31, +34.6% YoY); H1 FY27: ₹2,278.76 (vs H1 FY26: ₹1,799.91, +26.6% YoY)
Total Income: Q2 FY27: ₹1,242.26; H1 FY27: ₹2,292.87
Net Profit: Q2 FY27: ₹326.68 (vs Q2 FY26: ₹21.47, +1421% YoY); H1 FY27: ₹356.78 (vs H1 FY26: ₹40.00, +792% YoY)
EPS: Basic Q2 FY27: ₹118.20 (vs Q2 FY26: ₹7.77); H1 FY27: ₹129.09 (vs H1 FY26: ₹14.47)
Other Equity: As at September 30, 2026: ₹1,035.30 (vs March 31, 2026: ₹722.92)
Cash and Cash Equivalents: As at September 30, 2026: ₹15.06
Debt: Non-current borrowings: ₹270.89; Current borrowings: ₹754.56; Total borrowings: ₹1,025.45
Segment-wise Performance:
The Group operates in a single segment - manufacture and supply of auto components for the transportation industry
Segment Revenue: Q2 FY27: ₹1,237.14; H1 FY27: ₹2,278.76
Segment Profit before tax: Q2 FY27: ₹388.74; H1 FY27: ₹429.76
Segment Assets: As at September 30, 2026: ₹3,344.29
Segment Liabilities: As at September 30, 2026: ₹2,280.35
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced
Regulatory Disclosures:
Financial results reviewed by Audit Committee and approved by Board of Directors on November 03, 2026
Prepared in accordance with Ind AS 34 and Regulation 33 of SEBI LODR
Limited Review Report issued by B S R & Co. LLP, Chartered Accountants
No qualifications or modifications in the auditor's review report
Other Significant Information:
Exceptional Items: Gain on sale of land ₹341.13 crores net of stamp duty expense ₹1.48 crores in Q2 FY27 and H1 FY27 [Non-Recurring]
Completed sale of 3.48 acres land at Velachery, Chennai to Canopy Living LLP for aggregate consideration of ₹361.18 crores, received ₹200 crores with balance to be received as per agreement terms
Completed acquisition of Friction Business of Hindustan Composites Limited (HCL) as going concern through slump sale on August 20, 2026 for consideration of ₹365.72 crore
Purchase Price Allocation for HCL acquisition in process, provisional fair values recognized
Capex incurred: Q2 FY27: ₹74.8 Crores; H1 FY27: approximately ₹50 crores higher than H1 FY26
New order Lifetime Value (LTV) added: Q2 FY27: ₹614 Crores; Q1 FY27: ₹2,040 Crores
Net debt increased due to strategic acquisition and capex investments
Products include Steering and Suspension systems, Brake components, Engine components and Light Metal Casting components
Serves Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Three-wheelers, Railways and Stationery Engines