Rane (Madras) Ltd. delivered a remarkable turnaround in its fourth quarter performance, with consolidated net profit surging to ₹370 million from ₹65 million in the same period a year ago. According to reports from CNBC TV18, this sharp recovery came as the auto components maker moved past a clutch of one-time charges that had weighed on its results through much of FY25. Revenue from operations rose 16.3% year-on-year to ₹10.5 billion, while operating profit, measured as EBITDA excluding other income, grew 21.4% to ₹955 million. The company's margins showed significant improvement, expanding to 9.12% from 8.74% in the year-ago period.
The strong quarterly results drove positive investor sentiment, with shares of Rane Madras trading 9.3% up at ₹938 apiece at 2:30 pm on Wednesday. As reported by CNBC TV18, the stock has risen 36.4% in the past month, reflecting growing investor confidence in the company's recovery trajectory. The board also recommended a final dividend of ₹16 per share for FY26, subject to shareholder approval at its 22nd Annual General Meeting. The record date for the dividend will be July 29, 2026, with payment scheduled for August 14, 2026 if declared by shareholders.
The positive momentum extended beyond Rane Madras, with Nifty crossing 24,300 levels amid broad-based buying across sectors. According to latest market reports, Sensex surged 941 points to 77,958.52 while Nifty gained 298 points to 24,330.95. The rally was driven by strong performance across sectors including auto, media, private banks, PSU banks, realty, metals, and pharma, which all posted gains of 1-2%. Nifty Midcap and Smallcap indices rose nearly 2% each, indicating widespread investor optimism. Notable gainers included Interglobe Aviation, Trent, Tata Motors Passenger Vehicles, Shriram Finance, and Asian Paints, while ONGC, L&T, Reliance Industries, Power Grid Corp and NTPC were among the few laggards.
