Q4 2024 Rane Holdings Ltd, Rane Brake Linings Ltd, Rane (Madras) Ltd, Rane Engine Valve Ltd Earnings Call Transcript
Key Points
- Rane Holdings Ltd (BOM:505800) achieved its highest ever group aggregate sales of INR7,200 crore, marking an 8% growth over the previous year.
- Revenue from domestic OE customers grew by 9%, and revenue from international customers increased by 4%, with organic exports growing by 15%.
- REVL achieved its highest sales level with a 14% growth in FY24, driven by robust sales growth and enhanced operational performance.
- Rane Break Lining achieved the highest sales for both the quarter and fiscal year, with FY24 sales growing by 10% and export sales by 33%.
- The joint venture with ZF saw a 12% growth in the steering business and a 20% growth in the occupant safety business, with EBITDA margin improving by 33 bps.
- The EBITDA margin of Rane Holdings Ltd (BOM:505800) consolidated decreased by 38 basis points in FY24.
- The demand for the steering and linkage business was impacted due to a drop in passenger cars and the farm tractor segment.
- Rane Madras experienced a decline in EBITDA margin due to lower absorption of fixed costs and certain one-off provisions.
- The export sales for Rane Madras saw a decline in Q4 due to a slowdown in the off-highway vehicle segment in the US.
- Rane NSK's EBITDA margin was impacted due to an unfavorable mix, and the company is working on improving profitability.
Ladies and gentlemen, good day, and welcome to Rane Group Q4 FY24 earnings conference call. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Binay Sarda from Ernst & Young. Thank you, and over to you, sir.
Thank you, Muskan. Welcome to the investor call of the Rane Group to discuss (technical difficulty) and answer your questions today. We have the management team from Rane Group, represented by Mr. Harish Lakshman, [Vice Chairman & Joint MD] of Rane Group; Mr. P.A. Padmanabhan, President, Finance and Group CFO; Mr. Siva Chandrasekaran, Senior Executive Vice President of Secretarial and Legal Services; and Mr. M.A.P. Sridhar Kumar, Executive Vice President, Finance and CFO of Rane Holdings Limited.
Please note that we have sent to the press release, and also, we have sent to the presentation link of the deck. In case if you have not received the presentation, you could look at it on our website or on the BSE site of Rane or you could write to us
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
