Mumbai: Rane Holdings Limited, the holding company of Rane Group, announced its financial results for the fourth quarter and full year ended March 31, 2025, following a Board Meeting held on May 30, 2025. The company reported a significant surge in its consolidated net profit for FY25, largely driven by exceptional gains, and recommended a substantial dividend for its shareholders.
The Board of Directors has recommended a dividend of ₹38 per equity share of ₹10 each fully paid up, for the financial year 2024-25. This dividend is subject to the approval of members at the ensuing 89th Annual General Meeting (AGM) of the Company.
| Particulars | Details |
|---|---|
| Dividend per equity share | ₹38.00 |
| Face Value per share | ₹10.00 |
| Financial Year | 2024-25 |
| Record Date | July 29, 2025 (Tuesday) |
| Dividend Payment/Dispatch Date | August 22, 2025 (Friday) |
Financial Performance
Consolidated Financial Results
For the financial year ended March 31, 2025 (FY25), Rane Holdings reported a consolidated net profit attributable to owners of the company of ₹207.22 crore (₹20,722 lakhs), a significant increase of 67.42% compared to ₹123.77 crore (₹12,377 lakhs) in FY24. This growth was substantially influenced by an exceptional gain of ₹200.95 crore (₹20,095 lakhs) during FY25, primarily from the step acquisition of Rane Steering Systems Private Limited (RSSL). Revenue from operations for FY25 grew by 23.56% year-on-year (YoY) to ₹4,361.59 crore (₹4,36,159 lakhs) from ₹3,529.82 crore (₹3,52,982 lakhs) in FY24.
For the fourth quarter ended March 31, 2025 (Q4 FY25), consolidated net profit attributable to owners stood at ₹9.39 crore (₹939 lakhs), a decrease of 70.10% YoY from ₹31.40 crore (₹3,140 lakhs) in Q4 FY24. Sequentially, however, net profit surged by 189.81% from ₹3.24 crore (₹324 lakhs) in Q3 FY25. Consolidated revenue from operations for Q4 FY25 was ₹1,373.68 crore (₹1,37,368 lakhs), up 57.86% YoY and 10.73% quarter-on-quarter (QoQ).
| Metric | Q4 FY25 (Audited) | Q4 FY24 (Audited) | YoY Change | Q3 FY25 (Unaudited) | QoQ Change | FY25 (Audited) | FY24 (Audited) | YoY Change |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,37,368 | 87,019 | +57.86% | 1,24,056 | +10.73% | 4,36,159 | 3,52,982 | +23.56% |
| Total Income | 1,37,704 | 87,442 | +57.48% | 1,24,585 | +10.53% | 4,38,034 | 3,54,398 | +23.60% |
| Profit Before Exceptional Items & Tax | 4,087 | 5,209 | -21.54% | 2,007 | +103.64% | 12,780 | 18,477 | -30.83% |
| Exceptional Items | (1,180) | (702) | - | (94) | - | 20,095 | (10,907) | - |
| Profit Before Tax | 2,907 | 4,507 | -35.50% | 1,913 | +51.96% | 32,875 | 7,570 | +334.28% |
| Net Profit (Attributable to Owners) | 939 | 3,140 | -70.10% | 324 | +189.81% | 20,722 | 12,377 | +67.42% |
| EPS (Basic & Diluted, in ₹) | 6.58 | 21.99 | -70.08% | 2.27 | +189.87% | 145.13 | 86.67 | +67.45% |
Standalone Financial Results
On a standalone basis, Rane Holdings reported a net profit of ₹68.11 crore (₹6,811 lakhs) for FY25, down 6.78% from ₹73.06 crore (₹7,306 lakhs) in FY24. Standalone revenue from operations for FY25 declined by 4.15% YoY to ₹140.76 crore (₹14,076 lakhs) from ₹146.86 crore (₹14,686 lakhs) in the previous year.
For Q4 FY25, standalone net profit was ₹8.74 crore (₹874 lakhs), a decrease of 21.61% YoY but an increase of 37.64% QoQ. Standalone revenue from operations for the quarter stood at ₹24.60 crore (₹2,460 lakhs), down 5.64% YoY but up 5.71% QoQ.
| Metric | Q4 FY25 (Audited) | Q4 FY24 (Audited) | YoY Change | Q3 FY25 (Unaudited) | QoQ Change | FY25 (Audited) | FY24 (Audited) | YoY Change |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,460 | 2,607 | -5.64% | 2,327 | +5.71% | 14,076 | 14,686 | -4.15% |
| Total Income | 2,573 | 2,746 | -6.30% | 2,362 | +8.93% | 14,366 | 15,047 | -4.53% |
| Profit Before Tax | 946 | 1,305 | -27.51% | 743 | +27.32% | 7,930 | 8,608 | -7.88% |
| Net Profit for the period | 874 | 1,115 | -21.61% | 635 | +37.64% | 6,811 | 7,306 | -6.78% |
| EPS (Basic & Diluted, in ₹) | 6.12 | 7.82 | -21.74% | 4.45 | +37.53% | 47.70 | 51.17 | -6.78% |
Analysis of Financial Performance and Exceptional Items
The consolidated financial performance in FY25 was significantly shaped by exceptional items. The company recorded a net exceptional gain of ₹200.95 crore in FY25, compared to an exceptional loss of ₹109.07 crore in FY24. The primary contributor to the FY25 exceptional gain was the acquisition of the remaining 51% stake in Rane NSK Steering Systems Private Limited (RNSS), now Rane Steering Systems Private Limited (RSSL), making it a wholly-owned subsidiary effective September 19, 2024. This step acquisition resulted in a gain of ₹213.95 crore (₹21,395 lakhs), which included the remeasurement of the existing stake at fair value and settlement of warranty and other claims.
Other exceptional items in the consolidated results included merger-related expenses, one-time warranty costs, and VRS expenditure at Rane (Madras) Limited (RML) amounting to ₹12.99 crore (₹1,299 lakhs) for FY25 (₹26.99 crore for FY24). In Q4 FY25, these expenses were ₹11.81 crore.
In FY24, exceptional items included a loss of ₹85.46 crore on the sale of RML's erstwhile step-down subsidiary, Rane Light Metal Castings Inc. (LMCA), and an income of ₹3.38 crore from the sale of Rane t4u Private Limited. On a standalone basis, an exceptional charge of ₹2.96 crore was booked in FY24 related to the fair valuation of investment in Rane t4u.
The consolidated profit before exceptional items and tax for FY25 stood at ₹127.80 crore, a decrease from ₹184.77 crore in FY24, indicating that underlying operational profitability faced headwinds. The Q4 FY25 consolidated net profit decline was also impacted by a higher tax expense of ₹17.34 crore compared to ₹6.66 crore in Q4 FY24.
Other Key Board Decisions
Apart from the financial results and dividend, the Board approved the following:
- Convening of the 89th Annual General Meeting (AGM) on August 12, 2025 (Tuesday) at 15:00 hrs through Video Conferencing / Other Audio Visual Means (OAVM).
- The cut-off date for determining eligible shareholders for e-voting for the AGM shall be August 05, 2025 (Tuesday).
- A proposal to re-appoint M/s. BSR & Co., LLP, Chartered Accountants, as Statutory Auditors for a second term of 5 consecutive years, subject to AGM approval.
- A proposal to appoint M/s. B. Chandra & Associates, Practising Company Secretary, as Secretarial Auditors for a first term of 5 consecutive years commencing from FY 2025-26, subject to AGM approval.
The Board meeting commenced at 12:10 hrs and concluded at 13:19 hrs (IST) on May 30, 2025.
Significant Corporate Developments
Several corporate developments during the year impacted the Group's structure and financials:
- RSSL becomes Wholly-Owned Subsidiary: As mentioned, Rane Holdings acquired the balance 51% stake in RNSS (now RSSL) from NSK Japan, making it a wholly-owned subsidiary from September 19, 2024. RSSL's financials have been consolidated on a line-by-line basis from this date, making prior period figures not directly comparable for certain line items.
- Merger of Subsidiaries: Pursuant to an NCLT order dated March 24, 2025, two subsidiaries, Rane Brake Lining Limited (RBL) and Rane Engine Valve Limited (REVL), merged into another subsidiary, Rane (Madras) Limited (RML), effective April 1, 2024. The company stated that since all three entities were controlled by RHL, the merger has no material impact on the consolidated financial results.
- Disposal of LMCA: Rane Madras International Holdings B.V. (RHL's step-down subsidiary) sold its entire stake in Rane Light Metal Castings Inc. (LMCA) on September 14, 2023.
- New Subsidiary in Mexico: During FY24, RML set up a new subsidiary, Rane Automotive Components S. de R.L. de C.V. in Mexico, which is in the process of establishing its manufacturing facility.
- Developments at ZF Rane Automotive India Private Limited (ZRAI): ZRAI, a joint venture/associate entity, saw its subsidiary ZF Rane Occupant Safety Systems Private Limited commence operations in FY24. ZRAI also acquired TRW Sun Steering Wheels Private Limited on March 28, 2024. Furthermore, on July 4, 2024 (subsequent to the reporting period), ZF Lifetec Rane Automotive India Private Limited was incorporated as a wholly-owned subsidiary of ZRAI. A scheme for demerger of ZRAI's Occupant Safety Division into ZF Lifetec Rane Automotive India Private Ltd. was approved by ZRAI's board in December 2024, subject to further approvals.
The financial results will be uploaded on the company's website www.ranegroup.com and published in newspapers 'Business Standard' and 'Hindu Tamizh Thisai'. The audited financial results are also available on the stock exchange websites.
