{"id":89067,"date":"2023-02-09T10:36:00","date_gmt":"2023-02-09T05:06:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=89067"},"modified":"2023-02-09T10:34:10","modified_gmt":"2023-02-09T05:04:10","slug":"biz-rane","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-rane\/","title":{"rendered":"Rane (Madras) Ltd Q3 Results: Standalone PAT jumps 300% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3782154831\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Steering and suspension products manufacturer Rane (Madras) Ltd has reported over 300 per cent jump on its standalone profit after tax for the quarter ended December 31, 2022, at Rs 33.3 crore, the company said on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1646036098\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company had registered standalone PAT at Rs 7.7 crore during corresponding quarter last fiscal.<\/p><p>Total revenue on standalone basis during the quarter under review grew by 38.7 per cent to Rs 546.3 crore from Rs 394 crore registered in the same period of last year.<\/p><p>The standalone profit after tax for the nine month period ended December 31, 2022 grew by 248 per cent to Rs 69.2 crore from Rs 19.9 crore registered in the same period last year.<\/p><div class=\"trade-content_5\" id=\"trade-2797996504\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Total revenue for the nine month period ended December 31, 2022 on standalone basis stood at Rs 1,568.5 crore as against Rs 1,107.6 crore registered year ago.<\/p><p>&#8220;RML posted strong revenue growth supported by a robust demand environment in India and strong off-take from international customers. Higher volumes and favourable mix helped to improve margins,&#8221; company chairman L Ganesh said on the financial performance.<\/p><p>&#8220;Though the demand environment in India remains strong, we remain cautious given the evolving economic scenario across major global economies,&#8221; he said.<\/p><p>During the quarter under review, the sales to Indian original equipment customers grew by 28 per cent, supported by strong demand across vehicle segments.<\/p><p>Export sales during the quarter grew 68 per cent with strong off-take for steering products, the company said.<\/p><p>Sales from the aftermarket customers registered a 12 per cent growth while better operational leverage, favourable mix and forex helped improve EBITDA margin by 555 basis points, the company said. PTI VIJ ROH ROH<\/p><div class=\"trade-content-10\" id=\"trade-3634487147\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2521284547\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Steering and suspension products manufacturer Rane (Madras) Ltd has reported over 300 per cent jump on its standalone profit after tax for the quarter ended December 31, 2022, at Rs 33.3 crore, the company said on Thursday. The company had registered standalone PAT at Rs 7.7 crore during corresponding quarter last fiscal. Total revenue on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":82404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-89067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rane (Madras) Ltd Q3 Results: Standalone PAT jumps 300% YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Steering and suspension products manufacturer Rane (Madras) Ltd has reported over 300 per cent jump on its standalone profit after tax for the quarter ended December 31, 2022, at Rs 33.3 crore, the company said on Thursday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-rane\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rane (Madras) Ltd Q3 Results: Standalone PAT jumps 300% YoY\" \/>\n<meta property=\"og:description\" content=\"Steering and suspension products manufacturer Rane (Madras) Ltd has reported over 300 per cent jump on its standalone profit after tax for the quarter ended December 31, 2022, at Rs 33.3 crore, the company said on Thursday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-rane\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T05:06:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/Auto-Components-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/Auto-Components-Cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-rane\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-rane\/\",\"name\":\"Rane (Madras) Ltd Q3 Results: Standalone PAT jumps 300% YoY - 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