Q2 2026 Rane (Madras) Ltd Earnings Call Transcript

Nov 18, 2025 / 09:30 AM GMT

Release Date Price: ₹808.2 (-0.54%)

Transcript

Key Points

Positve

Rane (Madras) Ltd (BOM:532661) reported a revenue increase of 8.4% 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 company is optimistic about future growth, supported by strong demand trends from both domestic OEMs and export markets.
Rane (Madras) Ltd is focusing on strengthening capabilities in electronics, software integration, lightweight materials, and sustainable manufacturing to align with industry trends and maintain competitiveness.

Negative

The company faces challenges in improving margins in certain divisions, such as the brake components and light metal casting divisions, due to increased material costs.
Despite the merger, operational performance has not significantly improved, with some divisions showing deterioration compared to the previous year.
Debt levels remain high, with plans for reduction dependent on future cash flows and asset sales, which have not yet been fully realized.
The company is still dealing with legacy issues that impact profitability, and it may take several years to achieve targeted margin improvements.
There is uncertainty regarding the impact of new tariff situations in the US, which could affect future sales and profitability.

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

RAMD.NS - Rane (Madras) Ltd
Q2 2026 Rane (Madras) 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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