Rane Holdings Ltd.
Q2FY23 Quarterly Result Announced for Rane Holdings Ltd.
Auto part & equipment manufacturer Rane Holdings announced Q2FY23 results:
- Consolidated Q2 FY23:
- Total Revenue was Rs.883.8 Crore in Q2FY23 compared to Rs.697.3 Crore in Q2 FY22, an increase of 26.7%
- EBITDA stood at Rs.66.8 Crore compared to Rs.47.2 Crore during Q2FY22, an increase of 41.5%
- EBITDA Margin at 7.6% for Q2FY23 against 6.8% in Q2FY22
- PAT stood at Rs.23.3 Crore for Q2 FY23 compared to Rs.16.5 Crore in Q2 FY22, an increase of 41.1%
- Consolidated H1FY23:
- Total Revenue was Rs.1,704.9 Crore in H1FY23 compared to Rs.1,223.1 Crore in H1FY22, an increase of 39.4%
- EBITDA stood at Rs.124.8 Crore compared to Rs.70.6 Crore during H1FY22, an increase of 76.8%
- EBITDA Margin at 7.3% for H1FY23 against 5.8% in H1FY22
- PAT stood at Rs.43.9 Crore for H1 FY23 compared to Rs.37.3 Crore in H1FY22, an increase of 17.8%
"The group companies posted strong revenue growth supported by favourable demand from Indian OE and Export customers. Higher volumes and improved operational performance helped to mitigate material price increases. The demand environment remains strong with the ongoing festive season, however we remain cautious given the global economic situation and tightening monetary policy." - L. Ganesh, Chairman & Managing Director, Rane Holdings Ltd.