Rane (Madras) reports strong Q2 FY26 earnings with increased profit

Rane (Madras) Limited’s board of directors approved its unaudited standalone and consolidated financial results for Q2 FY26 and H1 FY26 on November 4, 2025. Consolidated total revenue increased by 8.4% year-on-year to ₹923.4 crore in Q2 FY26, up from ₹851.8 crore in Q2 FY25. Consolidated EBITDA rose by 10.6% year-on-year to ₹82.9 crore from ₹74.9 crore, with the EBITDA margin improving to 9.0% from 8.8%.

Consolidated profit after tax (PAT) saw a substantial 33.2% increase, reaching ₹21.5 crore in Q2 FY26 compared to ₹16.1 crore in Q2 FY25. Sales to domestic OE customers grew by 6%, while international customer sales increased by 10%. Indian aftermarket sales experienced a 17% growth, though not directly comparable to Q2 FY25 due to a group aftermarket product business restructuring.

The company noted that the new tariff situation in the USA had not impacted Q2 sales, despite lower offtake on specific exports for light metal casting products. The unaudited financial results and a limited review report were released.