Rane (Madras) Limited Announces Q4 FY26 Results and Approves Dividend for 2025-26
Rane (Madras) Limited, a leading auto component group, announced its consolidated financial performance for the fourth quarter (Q4 FY26) and the full year (FY26) ended March 31, 2026. The Board of Directors of the company approved the audited financial results for the quarter and the year.During its meeting held on May 6, 2026, the Board of Directors, based on the recommendation of the audit committee, approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The company also recommended a dividend of Rs. 16/- per equity share on 27,637,137 equity shares of Rs. 10 each fully paid up, for the financial year 2025-26.
The company also announced key details for its 22nd Annual General Meeting, scheduled for August 5, 2026, to be held via Video Conferencing/Other Audio Visual Means. The cut-off date for determining eligible shareholders for e-voting and for the dividend is July 29, 2026. The recommended dividend, if declared by shareholders, will be paid or dispatched on August 14, 2026.
Q4 FY26 Business and Financial Highlights
The company reported significant growth across key operational metrics in Q4 FY26.In Q4 FY26, total revenue reached 1,051.7 Crores, marking a 16.2% increase compared to the 905.3 Crores reported in Q4 FY25. This growth was driven by domestic OE sales, which rose by 11% due to higher offtake across vehicle segments, and international sales, which increased by 27% supported by strong offtake of steering products. Sales to Indian Aftermarket customers showed 16% growth.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.1%, reaching 99.4 Crores in Q4 FY26, up from 82.8 Crores in Q4 FY25. The EBITDA margin for Q4 FY26 stood at 9.5%, an increase from 9.1% in Q4 FY25, attributed to better absorption of fixed costs.
Profit After Tax (PAT) saw a substantial increase, reaching 37.0 Crores in Q4 FY26, compared to 6.5 Crores in Q4 FY25.
Consolidated Performance Comparison
The financial performance data for Q4 FY26 and FY26 compared to the previous year is presented in the table below:| Particulars | Q4FY26 (Crores) | Q4FY25 (Crores) | YoY% | FY26 (Crores) | FY25 (Crores) | YoY% |
|---|---|---|---|---|---|---|
| Total Revenue | 1,051.7 | 905.3 | 16.2% | 3,878.6 | 3,421.4 | 13.4% |
| Total Expenses | 1,003.1 | 876.6 | 14.4% | 3,729.4 | 3,330.5 | 12.0% |
| PAT | 37.0 | 6.5 | 466.9% | 107.5 | 37.6 | 185.5% |
Corporate Governance and Structure
The board meeting also included the reconstitution of key committees, effective July 1, 2026.The composition of the committees was updated as follows:
| Committee | Members and Designations |
|---|---|
| Audit Committee | Ramesh Rajan Natarajan (Chairman, Non-Executive, Independent), L Ganesh (Member, Non-Executive, Promoter), Vikram Hosangady (Member, Non-Executive, Independent), Vasudha Sundararaman (Member, Non-Executive, Independent) |
| Nomination and Remuneration Committee | Ramesh Rajan Natarajan (Chairman, Non-Executive, Independent), L Ganesh (Member, Non-Executive, Promoter), Vikram Hosangady (Member, Non-Executive, Independent) |
| Stakeholder's Relationship Committee | L Ganesh (Chairman, Non-Executive, Promoter), Ramesh Rajan Natarajan (Member, Non-Executive, Independent), Vikram Hosangady (Member, Non-Executive, Independent) |
The company also designated officials responsible for determining the materiality of events or information:
| Role | Name |
|---|---|
| Chairman | Mr. Harish Lakshman |
| Group CFO | Mr. P A Padmanabhan |
| Associate Vice-President - Secretarial | Ms. S Subha Shree |
Operational Initiatives and Outlook
In terms of capital expenditure, the company incurred 53 Crores during Q4 FY26, bringing the full-year FY26 capex to 191 Crores. These investments were primarily directed towards capacity expansion in Steering, Engine, and Brake Components. During the financial year 2025-26, the company generated Free Cash Flows of 84.4 Crores.For the financial year 2027, the company remains cautiously optimistic about the demand environment. While domestic demand is stable, the management noted that external risks, including geopolitical developments, commodity price volatility, exchange rate movements, and potential supply chain disruptions, could affect production costs. The company plans to drive cost savings initiatives to mitigate these external headwinds and achieve further margin improvements in FY27.
RML Stock Price Movement
As of 3:07 PM, shares of Rane (Madras) Limited are rallying sharply, gaining 6.01% in live trading to currently stand at ₹910. The stock has seen significant momentum, with 644,465 shares actively changing hands in today's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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