Rane (Madras) Limited — Important, 24-10-2024: Financial Result Updates

Rane (Madras) Limited reported its financial results for Q2 FY25, showing a decrease in standalone revenue to ₹531.43 crore (down 7.2% YoY) and a profit after tax (PAT) of ₹2.84 crore, down 60.7%. Consolidated revenue also declined to ₹530.69 crore, with a net loss of ₹0.68 crore, contrasting with a PAT of ₹17.77 crore in Q2 FY24. The board approved the un-audited financial results and proposed a commission payment for the Chairman, pending shareholder approval.