Rane (Madras) Limited (RML) Earnings Call Transcripts

Rane (Madras) Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Rane (Madras) Limited reported a revenue of INR 1,051.7 crores, reflecting a 16.2% increase year-over-year, and a net profit margin of 9.5%. The company highlighted strong demand across vehicle segments, particularly in passenger cars and commercial vehicles, driven by favorable market conditions. Management maintained a cautious outlook for FY '27, emphasizing the need to monitor geopolitical risks and commodity price volatility, while signaling a commitment to achieving double-digit margins in the near future.

Reported metrics

Guidance from management

Management expects stable domestic demand and continued growth in exports for FY '27, with a focus on achieving double-digit margins. They remain cautious about geopolitical risks and commodity price volatility impacting operations.

What management said

So that will be -- there will be a very marginal increase in cost as a result of this. As you are aware, [indiscernible] globally did the demerger, so we had to follow because historically, the two businesses have always been run separately. So there were very few people involved across both the businesses. So therefore, there's not going to be any significant material cost increase as a result of this.

So I think the details are yet to come out, it has been -- it will be going in the coming weeks, and you will see the detail. It is not a substantial amount so therefore, the board deliberated all options and [indiscernible] that given the quantum, this was the best at this point in time.

What analysts pressed on

Analysts expressed concerns regarding the company's ability to achieve double-digit margins amidst rising commodity prices and questioned the sustainability of the aftermarket segment's contribution to overall profitability. There were also inquiries about the impact of geopolitical risks on demand and pricing power.

Main topics on the call

• Strong Revenue Growth — Rane Madras achieved a revenue of INR 1,051.7 crores in Q4 FY '26, up from INR 905 crores in the same quarter last year, marking a 16.2% increase. Management noted, "the quarter marked the strongest performance of the ye...
• CapEx and Debt Reduction — The company incurred a CapEx of INR 53 crores in Q4, totaling INR 191 crores for FY '26, primarily for capacity expansion. Net debt decreased to INR 705.8 crores, down from INR 779.2 crores, indicating improved financial...
• New Business Wins — Rane secured new business orders worth INR 712 crores for FY '26, the highest ever for the company. Management stated, "the entire new business booking has been a very good year for us."
• Margin Improvement Aspirations — Management reiterated its goal to achieve double-digit margins, currently at 9.5%. They expressed confidence, stating, "we are definitely on track and we hope that the market will continue to grow during this year."

Read the full Rane (Madras) Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 17 Rane (Madras) Limited earnings call transcripts on record, spanning February 11, 2020 to May 18, 2026. Based on this history, Rane (Madras) Limited reports semi-annually. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RML

Exchange

NSEI

Country

IN

Sector

Consumer Discretionary

Industry

Automobile Components

Calls on record

17

First call

February 11, 2020

Most recent

May 18, 2026

Reporting cadence

semi-annually