Rane (Madras) quarterly profit jumps several times on one-time land sale gain
Rane (Madras) reported consolidated net profit of ₹327 crore for the quarter to September 2026, driven by a one-time gain on land sale. Revenue rose 35%.
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what happened
Rane (Madras) Ltd said on Tuesday that consolidated net profit for the quarter ended September 2026 (Q2FY27) rose several times over to ₹327 crore. The company attributes the jump to a one-time gain from selling a 3.48 acre land parcel at Velachery, which it estimates at around ₹340 crore. A year earlier, profit stood at ₹21 crore.
Consolidated revenue from operations grew 35% year on year to ₹1,237 crore, including sales of the recently acquired Friction business from August 20. Sales to domestic OE customers rose 31%, international sales climbed 57%, and Indian aftermarket sales increased 11%. Capital expenditure in the quarter was ₹74.8 crore, while new order lifetime value added ₹614 crore.
Rane (Madras) shares closed the trading day on the NSE at Rs 1,272, up 3.31%. The figures were reported by Moody's.
why it matters
A one-time asset sale does not reflect growth in core operations, so investors typically focus on revenue, orders and profit excluding such items. Broad sales growth across segments and new business wins point to demand for the auto component maker, while higher capex signals plans to expand manufacturing capacity.
market impact
Акции Rane (Madras): разовая прибыль от продажи земли искажает итоги квартала
tags
instruments
sources
- Rane (Madras) Q2 PAT soars on one-time gain, revenue up 35% — Moody's, 3 November 2026 at 15:51 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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