Rane Holdings Ltd
Rane Holdings Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #42 of 59 in Finance
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The short version
New orders won (~INR650 crores YTD) will mature over 1.5 to 2 years, contributing to future revenue growth. Rane Madras targets 11% to 12% EBITDA margin by March 2027, aiming for consistent double-digit margins within 12 to 18 months (Pages 8, 16, 17).
From Rane Holdings Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- New orders won (~INR650 crores YTD) will mature over 1.5 to 2 years, contributing to future revenue growth.
- Domestic market growth expected to be robust across passenger vehicles, commercial vehicles, and farm tractors, driving volumes up.
- Aftermarket business anticipated as a significant growth driver due to strong share and penetration.
- Exports expected to maintain similar mix levels (around 22-25%) over the next 1-2 years despite domestic growth.
- Capacity utilization at Rane Steering Systems (RSSL) around 80-85%, with limited capex planned (~INR40 crores) to support new orders.
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 Madras is planning a capex of around INR600 crores over three years ('25-'26 to '27-'28), approximately INR200 crores per annum.
- Rane Steering Systems Limited (RSSL) expects limited capex of about INR40 crores considering new orders.
- Capex includes investments to support new orders and expansion.
- The company is conscious about capex intensity and aims to fund capex from internal accruals partly to reduce debt.
- Strategic focus is on synergies from recent merger, cost reduction, and order wins in automotive sector.
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
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Rane Madras has won new business worth INR650 crores in the current year till date (Page 17).
- Recent order wins for Rane Madras amount to approximately INR130 crores in Q3 (Page 4, 17).
- These new orders include both replacement and new business, expected to mature in 1.5 to 2 years (Page 17).
- Each order typically spans a 5 to 6-year time frame, with some being replacement programs (Page 15).
- Order pipeline from Mexico involving Ford, GM, and Honda mentioned but details unclear (Page 4).
2 more points from Rane Holdings Ltd's call on order book
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Rane Holdings Ltd — Quarterly revenue & net profit
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.
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What Rane Holdings Ltd's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Rane Holdings Ltd Q3 FY26 results?
New orders won (~INR650 crores YTD) will mature over 1.5 to 2 years, contributing to future revenue growth. Rane Madras targets 11% to 12% EBITDA margin by March 2027, aiming for consistent double-digit margins within 12 to 18 months (Pages 8, 16, 17).
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 Madras is planning a capex of around INR600 crores over three years ('25-'26 to '27-'28), approximately INR200 crores per annum.
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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.