Q1 2026 Rane (Madras) Ltd Earnings Call Transcript

Aug 13, 2025 / 09:30 AM GMT

Release Date Price: ₹796.9 (-0.49%)

Transcript

Key Points

Positve

Rane (Madras) Ltd (BOM:532661) reported a 7.4% increase in total revenue for the first quarter, reaching 884.4 crores compared to 823.8 crores in the same quarter last year.
The company secured 800 crores in new business wins during the quarter, positioning it for future growth and strengthening its leadership across product categories.
Margins improved by 30 basis points from 8.6% to 8.9%, indicating enhanced operational efficiency and cost management.
The US business, contributing around 8% of revenue, has not faced any immediate tariff-related impacts, benefiting from a strong global quality reputation and competitive cost base.
The farm practice segment recorded strong growth, reflecting a revival in rural sentiment and early monsoon progress in key agricultural belts.

Negative

The passenger car segment experienced a noticeable slowdown, indicating a shift in consumer preferences.
The aftermarket segment faced challenges, prompting the company to focus on capability building, range expansion, and new product introductions.
Global trade tensions and recent tariff measures create near-term uncertainty, impacting pricing and supply chain flows.
The two-wheeler segment saw muted growth due to OEM inventory correction and a decline in demand for entry-level commuter bikes.
The commercial vehicle market has softened, affecting the steering gear division, which is tied to this segment.

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

RAMD.NS - Rane (Madras) Ltd
Q1 2026 Rane (Madras) Ltd Earnings Call
Aug 13, 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 the Rani Group Limited Q1 F 526 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 the conference call, please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference has been recorded. I now hand the conference over to Mr. Diwakar Pingle from Ey Investor Relations.

Thank you and you.

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Unidentified_2 [2]
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