Rane (Madras) Q2 FY27 Results: Consolidated Net Profit ₹327 Crore on Total Income of ₹1,242 Crore
- Earnings
- auto components
Reviewed byRachit TripathiBlacklitt Research
Rane (Madras) (NSE: RML) reported consolidated total income of ₹1,242.26 crore and net profit of ₹326.68 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. The net profit includes a one-time gain from a land sale.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,242.26 crore, up 34.5% YoY and 18.2% QoQ
- Net profit and EPS: ₹326.68 crore; basic EPS ₹118.20
- One-time gain: ₹292.1 crore net of tax from Velachery land sale, per the press release
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,242.65 crore, up 34.6% YoY and 18.3% QoQ
- EPS: Basic EPS ₹118.93
- Finance costs: ₹20.18 crore, up 40.0% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,242.26 | 923.40 | +34.5% | 1,050.61 | +18.2% | |
| Revenue from operations | 1,237.14 | 919.31 | +34.6% | 1,041.62 | +18.8% |
| Other income | 5.12 | 4.09 | +25.2% | 8.99 | -43.0% |
| 326.68 | 21.47 | n/a | 30.10 | +985.3% | |
| Profit before tax | 388.74 | 29.68 | n/a | 41.02 | +847.7% |
| Finance costs | 20.52 | 15.09 | +36.0% | 15.46 | +32.7% |
| Depreciation | 44.49 | 36.51 | +21.9% | 39.35 | +13.1% |
| Tax expense | 62.06 | 8.21 | +655.9% | 10.92 | +468.3% |
| Net profit margin | 26.30% | 2.33% | +23.97 pp | 2.87% | +23.43 pp |
| EPS, basic (₹) | 118.20 | 7.77 | n/a | 10.89 | +985.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The company says it added ₹614 crore of new order Lifetime Value this quarter, after ₹2,040 crore booked in the prior quarter. Capex was ₹74.8 crore, mainly in the steering and linkages and brake components divisions. Sales to domestic OE customers grew 31%, international customers 57% and Indian aftermarket 11%, the press release says.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,242.65 | 923.39 | +34.6% | 1,050.64 | +18.3% | |
| Revenue from operations | 1,237.62 | 919.52 | +34.6% | 1,041.65 | +18.8% |
| Other income | 5.03 | 3.87 | +30.0% | 8.99 | -44.0% |
| Finance costs | 20.18 | 14.41 | +40.0% | 15.13 | +33.4% |
| Depreciation | 43.86 | 35.93 | +22.1% | 38.72 | +13.3% |
| EPS, basic (₹) | 118.93 | 8.27 | n/a | 11.63 | +922.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone and consolidated figures are close. Standalone total income of ₹1,242.65 crore is ₹0.39 crore above the consolidated figure, and standalone revenue from operations of ₹1,237.62 crore is ₹0.48 crore above the consolidated ₹1,237.14 crore. Standalone finance costs of ₹20.18 crore are ₹0.34 crore below the consolidated ₹20.52 crore.
Standalone basic EPS of ₹118.93 is above the consolidated ₹118.20. The standalone statement in the scanned filing is hard to read for profit lines, so this section relies on the income, finance cost and EPS lines.
Inference
The land sale is in progress: the company has received ₹200 crore of the ₹361.18 crore consideration, and the balance will be received under the sale agreement. The press release says net debt rose to support investments in the Friction Business and capital expenditure, and expects deleveraging to accelerate as those investments stabilise. The purchase price allocation for the Friction Business is provisional. The filing does not say when the remaining ₹161.18 crore will be received.
Filed with BSE on . Reference: Original filing (PDF)
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