Rane (Madras) Limited — Board Meeting, 24-10-2024: Outcome of Board Meeting

Rane (Madras) Limited reported its financial results for Q2 FY25, showing a standalone revenue of ₹531.4 crores (down 7.2% YoY) and a consolidated revenue of ₹530.7 crores (down 13.3% YoY). The EBITDA and PAT also fell significantly, with standalone PAT at ₹2.8 crores (down 60.7% YoY). The Board approved an earnings release and a commission payment to the chairman, subject to shareholder approval. Financial results are available on the company’s website and stock exchanges.