Rane Holdings Q3 consolidated net profit falls 91%

CHENNAI: Rane Holdings, the holding company of Rane Group, reported a 91% drop in consolidated Q3 net profit at Rs 4.2 crore, down from Rs 48 crore in Q3FY24.

Total revenue was Rs 1,246 crore compared to Rs 841.3 crore in the Q3FY24, an increase of 48%.

EBITDA stood at Rs 83.4 crore for Q3FY25 compared to Rs 94.5 crore during Q3FY24, a decrease of nearly 12%. EBITDA margin at 6.7% for Q3FY25 was down from 11.2% in Q3FY24.

“PAT is after considering a one-time impact of Rs 10.54 crore on account of tax credit reversal due to adoption of new income tax regime by the subsidiary company REVL,” said the company in a statement.

For the first nine months, total revenue was Rs 3,003 crore compared to Rs 2,669.6 crore in the year ago quarter, an increase of 12.5%.

EBITDA stood flat at Rs 248 crore, a decrease of 0.03%. EBITDA margin at 8.3% was down from 9.3% the year before. PAT stood at Rs 209 crore compared to just over Rs 111 crore, an increase of 88%.

“PAT for 9MFY25 includes exceptional items mainly due to amount received by RSSL towards settlement of various claims and gain arising from the remeasurement of the existing stake of RSSL at fair value,” said the statement.

The company said that lower offtake from Indian OE customers in Q3 was partially offset by marginal growth in sales to international customers while sales to aftermarket customers grew 13%.