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Rane Holdings Ltd

Q2 FY26Finance

Rane Holdings Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹1,616
Market cap₹2.4K Cr
P/E30.3
Updated23 Aug 2026
Read4 min read

The short version

Rane Madras (RML) is positioned as the flagship vehicle for future growth initiatives, including investments, M&A, and joint ventures. Rane Madras (RML) is positioned as the flagship vehicle for future growth, with all future initiatives, investments, M&A, and joint ventures routed through it.

From Rane Holdings Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Rane Madras (RML) is positioned as the flagship vehicle for future growth initiatives, including investments, M&A, and joint ventures.
  • New business wins of over INR 500 crores per annum were achieved in the recent quarter, indicating strong order inflow.
  • The group targets a 15% revenue compounding over 3 years.
  • Optimism is strengthening for the second half of the fiscal year with steady volume growth across all vehicle segments in India.
  • The safety business (especially occupant safety) is expected to grow strongly with double-digit growth driven by domestic penetration and exports.
  • Commercial vehicle steering growth is aligned with the CV market, currently in low single digits.
  • The aftermarket business is consolidating and growing strongly, contributing to revenue growth.

2 more points from Rane Holdings Ltd's call on revenue

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Profitability & Margins

See what Rane Holdings Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Rane Group plans to invest more than INR100 crores in capex next year.
  • The management targets a Return on Capital Employed (ROCE) of more than 20% for capex investments.
  • Some business/product lines show ROCE upwards of 25%, while others are in the 16%-17% range but are invested in for strategic reasons.
  • The company is focusing its future initiatives, growth investments, M&A, and JVs through Rane Madras (RML), positioning it as the flagship growth vehicle.
  • Capital allocation is being closely monitored to ensure careful investment decisions.

2 more points from Rane Holdings Ltd's call on capex

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Top-ranked in Finance

Ranked on what management guided this quarter

Guidance-ranked
1Mufin Green
Rev 1Mar 1
2Akiko
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Rane Holdings Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Harish Lakshman mentioned that INR 500 crores of new orders were booked in the recent quarter.
  • Management stated they do not typically calculate total order book this way but will review the request.
  • Growth outlook for ZF Rane's safety business is optimistic with strong double-digit growth driven by domestic market penetration and exports.

2 more points from Rane Holdings Ltd's call on order book

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Rane Holdings Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.6K Cr, net profit ₹88 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Rane Holdings Ltd Q2 FY26 results?

Rane Madras (RML) is positioned as the flagship vehicle for future growth initiatives, including investments, M&A, and joint ventures. Rane Madras (RML) is positioned as the flagship vehicle for future growth, with all future initiatives, investments, M&A, and joint ventures routed through it.

What is Rane Holdings Ltd share price analysis?

Rane Holdings Ltd currently shows a neutral. The stock trades at a P/E of 30.3 with a market cap of ₹2,391 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rane Holdings Ltd planning capital expenditure?

Rane Group plans to invest more than INR100 crores in capex next year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.