Rane (Madras) Limited — Updates, 24-10-2024: Press Release

Rane (Madras) Limited reported its Q2 FY25 financial results, showing a decrease in standalone revenue to ₹531.4 crore (down 7.2% year-on-year) and a net profit after tax (PAT) of ₹2.8 crore (down 60.7%). Consolidated revenue fell to ₹530.7 crore (down 13.3%), with a net loss of ₹0.7 crore. The Board also approved commission payment for the Chairman, subject to member approval, and a postal ballot notice regarding this matter.