The Quarter story
The two most recent quarterly results, compared side-by-side.
Rane (Madras) delivers steady top-line growth and expanding profitability, driven by strong performance in Steering & Linkages and rising export demand.
Steering & Linkages revenue grows from ₹441 Cr to ₹525 Cr from Q1 FY26 to Q1 FY27 — reinforces its position as the core revenue driver
Aftermarket Products sales mix falls from 100% to 14% from Q1 FY26 to Q1 FY27 — indicates a strategic shift in revenue focus
Consolidated PAT rises from ₹18.5 Cr to ₹30 Cr from Q1 FY26 to Q1 FY27 — reflects improved cost control and operational efficiency
Two-wheeler and three-wheeler revenue share fluctuates from 6% to 9% from Q1 FY26 to Q4 FY26 — requires monitoring for consistent demand
Steering & Linkages export revenue climbs from ₹162 Cr to ₹209 Cr from Q1 FY26 to Q1 FY27 — highlights accelerating overseas demand
Aftermarket FT sales mix drops from 6% to 4% from Q1 FY26 to Q4 FY26 — reflects a deliberate product allocation change
Light Metal Castings revenue expands from ₹60 Cr to ₹81 Cr from Q1 FY26 to Q1 FY27 — driven by stronger domestic and export orders
Commercial vehicle revenue share holds at 21% from Q1 FY26 to Q4 FY26 — shows steady but unaccelerated contribution
Consolidated EBITDA margin improves from 8.9% to 9.1% from Q1 FY26 to Q1 FY27 — confirms sustained pricing power and margin stability
Aftermarket West region sales mix eases from 24% to 22% from Q1 FY26 to Q4 FY26 — signals slight regional demand softening
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