Integrated Filing — IndAS



General information about company
Scrip Code 532661
NSE Symbol RML
MSEI Symbol NOTLISTED
ISIN INE050H01012
Name of company RANE (MADRAS) LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-Mar-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment The Company operates only in one segment namely manufacture and marketing of components and providing technological services for Transportation industry
Start date and time of board meeting 27-May-2025   12:45:00
End date and time of board meeting 27-May-2025   13:33:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 9013400000 34057500000
Other income 39700000 156700000
Total income 9053100000 34214200000
2 Expenses
(a) Cost of materials consumed 4641600000 19408000000
(b) Purchases of stock-in-trade 359600000 442100000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 203700000 -225200000
(d) Employee benefit expense 1192000000 4703900000
(e) Finance costs 184900000 745400000
(f) Depreciation, depletion and amortisation expense 355300000 1323200000
(f) Other Expenses
1 Other Expenses 1828400000 6907900000
Total other expenses 1828400000 6907900000
Total expenses 8765500000 33305300000
3 Total profit before exceptional items and tax 287600000 908900000
4 Exceptional items -118100000 -129900000
5 Total profit before tax 169500000 779000000
6 Tax expense
7 Current tax -73500000 0
8 Deferred tax 177800000 402500000
9 Total tax expenses 104300000 402500000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 65200000 376500000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 65200000 376500000
17 Other comprehensive income net of taxes 25000000 22100000
18 Total Comprehensive Income for the period 90200000 398600000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 162700000 162700000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 6546200000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.37 13.62
Diluted earnings (loss) per share from continuing operations 2.37 13.62
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.37 13.62
Diluted earnings (loss) per share from continuing and discontinued operations 2.37 13.62
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) The above FR have been reviewed by the AC and approved by the BoD at meetings held on 27.05.2025. The Co has primarily incurred merger related exp (including stamp duty chgs),one-time warranty costs and exp towards VRS amt to Rs.11.81cr forQE Mar31,2025,Rs.0.93cr in theQE Dec31,2024,Rs.7.02cr in theQE Mar31,2024,Rs.12.99cr for YE Mar 31,2025 and Rs.26.99cr for the YE Mar31,2024 as exceptional items.Pursuant to the approval of the BoD and Sh.holdrs of the Co,RMIH B.V.(the Co’s SDS)had sold its entire stake in LMCA(RML'serstwhile SDS) on sep 14,2023 for USD 4.9mn.For the YE Mar31,2024,the Co had recorded a FV loss aggregating to Rs.121.56cr in the SFR and loss on sale of SDS aggregating to Rs.85.46cr in the CFR as an exceptional item. Consequent to the sale of LMCA, RMIH B.V.had carried out a reduction of capital in the NCRPS issued to the Co. The Co had determined that it is eligible to claim the tax benefit arising from such losses and had accordingly recorded a deferred tax asset of Rs.113.34cr for the YE Mar31,2024.Consequent to sale of LMCA,the Grp has consolidated the financial performance of LMCA till Sep14,2023 and its the assets/liabilities were de-recognized in the consolidated BS on Sep14,2023.The BoD of the Co meeting on Feb29,2024,approved the amalgamation of the fellow subsidiaries of the Co viz. RBL&REVL with the co wef Apr1,2024under Sec230-232 of the CA,2013.The aforesaid Scheme was sanctioned by NCLT vide order dated Mar24, 2025 and effective from Apr01,2024.The amalgamation has been accounted in accordance with “Pooling of interest method” as laid down in App C - ‘Business combinations of entities under common control’ of IndAS103 notified under sec133 of the CA read with the Co (IAS)Rules,2015.Accordingly,comparativeshave been restated to give effect of the amalgamation from the beginning of the PY. The diff between the assets, liabilities, acquired reserves and shares transferred were transferred to CR amounting to Rs.3.59cr.During the YE Mar31,2024,the Co had set up a new subsidiary RACM S.deR.L.deC.V.and iscurrently in process of setting up the mfrg facility. Accordingly the CFR include the financial performance of this subsidiary effective from the YE Mar31,2024.During the year ended Mar31,2025,has elected to opt for the new tax regime under the IT Act,1961 wefFY 2023-24 resulting in an add.tax exp of Rs.14.20cr(including INR5.93 crores on account of reversal of MATcredit) for the current year dueremeasurement of the deferred tax asset (net).The BoD of the Co in its meeting held on May 27,2025, hasrecommended a dividend of Rs.8 per eq share of Rs.10/-each(i.e.80 %of face value)for theFYended Mar31,2025,subject to the approval of sh.holdrs in the ensuing AGM.The figures for the QE Mar31,2025 and Mar31,2024 as reported in these FR arethebalancing figures between audited figures in respect of the full FY and the published unaudited year to date figures up to the end of the third qtr of the relevant FY.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 6350900000
Capital work-in-progress 726700000
Investment property 0
Goodwill 46300000
Other intangible assets 535900000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 66900000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 191300000
Total non-current financial assets 258200000
Deferred tax assets (net) 994800000
Other non-current assets 885300000
Total non-current assets 9798100000
2 Current assets
Inventories 4338200000
Current financial asset
Current investments 0
Trade receivables, current 7090700000
Cash and cash equivalents 337800000
Bank balance other than cash and cash equivalents 10100000
Loans, current 8200000
Other current financial assets 318000000
Total current financial assets 7764800000
Current tax assets (net)
Other current assets 790100000
Total current assets 12893100000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 22691200000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 162700000
Other equity 6546200000
Total equity attributable to owners of parent 6708900000
Non controlling interest
Total equity 6708900000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2173000000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 463300000
Total non-current financial liabilities 2636300000
Provisions, non-current 199700000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current
Other non-current liabilities 51500000
Total non-current liabilities 2887500000
Current liabilities
Current financial liabilities
Borrowings, current 5436300000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 166300000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4818200000
Total Trade payable 4984500000
Other current financial liabilities 1463300000
Total current financial liabilities 11884100000
Other current liabilities 848400000
Provisions, current 362300000
Current tax liabilities (Net) 0
Deferred government grants, Current
Total current liabilities 13094800000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 15982300000
Total equity and liabilites 22691200000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement gains/(losses) on defined benefit plans, net 43700000 35400000
Total Amount of items that will not be reclassified to profit and loss 43700000 35400000
2 Income tax relating to items that will not be reclassified to profit or loss 11200000 9100000
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translating financial statements of n foreign operations -7500000 -4200000
Total Amount of items that will be reclassified to profit and loss -7500000 -4200000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 25000000 22100000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 779000000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 745400000
Adjustments for decrease (increase) in inventories -124500000
Adjustments for decrease (increase) in trade receivables, current -1184800000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -66800000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -137600000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 672200000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 365700000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 1323200000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 203900000
Adjustments for provisions, current 132900000
Adjustments for provisions, non-current -51700000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 531200000
Adjustments for unrealised foreign exchange losses gains 20400000
Adjustments for dividend income 0
Adjustments for interest income 58700000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -24200000
Other adjustments to reconcile profit (loss) 2400000
Other adjustments for non-cash items 14600000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 2363600000
Net cash flows from (used in) operations 3142600000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -14900000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 3157500000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses -40600000
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 277500000
Purchase of property, plant and equipment 1845500000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 64900000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -4900000
Net cash flows from (used in) investing activities -1467400000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 6971800000
Repayments of borrowings 7681900000
Payments of lease liabilities 43700000
Dividends paid 268100000
Interest paid 739900000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1761800000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -71700000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -71700000
Cash and cash equivalents cash flow statement at beginning of period 296900000
Cash and cash equivalents cash flow statement at end of period 225200000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R & Co., LLP Yes 31-Jul-2025