Rane Holdings Limited — Board Meeting, 06-02-2025: Outcome of Board Meeting

The Board of Directors of Rane Holdings Limited has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Key highlights include a consolidated revenue increase to ₹1,245.9 Crore for Q3 FY25, up 48.1% year-over-year, while EBITDA stood at ₹83.4 Crore, representing an 11.7% decrease compared to the same quarter last year. Profit After Tax (PAT) sharply declined by 91.2% to ₹4.2 Crore, affected by a one-time tax credit reversal due to a new tax regime. The board also re-appointed Mr. Ganesh Lakshminarayan as Chairman and Managing Director for a five-year term starting April 1, 2025, pending postal ballot approval from members.