Q2 2026 Rane Holdings Ltd Earnings Call Transcript

Nov 18, 2025 / 09:30 AM GMT

Release Date Price: ₹1483.75 (-0.16%)

Transcript

Key Points

Positve

Rane Holdings Ltd (BOM:505800) reported an 8.4% increase in total revenue for the second quarter, reaching 923.4 crores compared to 851.8 crores in the same period last year.
The company secured new business worth over 500 crores per annum across various product categories during the quarter.
EBITDA margin improved by 18 basis points, from 8.8% to 9%, indicating better operational efficiency.
The passenger vehicle segment sustained its growth trajectory, benefiting from new launches and stable rural demand.
The commercial vehicle segment continued its positive growth, supported by strong infrastructure activity and increased government spending.

Negative

The two-wheeler segment faced supply constraints due to rare magnet shortages, impacting growth despite strong demand.
Raw material costs increased significantly in the brake components division, affecting margins.
The company is still dealing with legacy issues that have impacted profitability, particularly in Rane Steering Systems Limited.
Debt levels remain high, with Rane Madras carrying a debt of 780 crores and ZF joint venture at 750 crores.
The company has not yet achieved its target of double-digit EBITDA margins, with current margins at 9%.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RANE.NS - Rane Holdings Ltd
Q2 2026 Rane Holdings Ltd Earnings Call
Nov 18, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Rai Group Limited Q2 FY26 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the contents over to Mr. Diwakar Pingle from EY.

Thank you and over to you, sir.

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Unidentified_2 [2]
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