RML2024-10-012024-12-31 RML2024-10-012024-12-31 RML2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member RML2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member RML2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532661 RML NOTLISTED Rane (Madras) Limited Equity 2024-04-01 2025-03-31 2025-01-30 2024-12-31 INR Crores Third quarter 11:21:00 12:35:00 2025-01-30 2025-01-30 Not applicable Single segment The Company operates only in one segment, namely, manufacture and marketing of components and providing technological services for Transportation industry. 2024-10-01 2024-12-31 Unaudited Consolidated 5216200000.00 20900000.00 5237100000.00 3323100000.00 0.00 30500000.00 547500000.00 169800000.00 216900000.00 944100000.00 5231900000.00 5200000.00 -1100000.00 4100000.00 0.00 6300000.00 6300000.00 0.00 -2200000.00 0.00 0.00 0.00 0.00 -2200000.00 4000000.00 1800000.00 0.00 0.00 0.00 0.00 162700000.00 10 -0.14 -0.14 0.00 0.00 -0.14 -0.14 1 The above FR have been reviewed by the AC and approved by the BOD at their respective meetings held on Jan30,2025. 2 The above FR have been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 Interim Financial Repor¬¬¬ting , prescribed under Sec 133 of the CA, 2013 and other accounting principles generally accepted in India and in compliance with Reg.33 of the SEBI(LODR)Reg, 2015. 3 RML ('the Company') and its subsidiaries (collectively referred to as 'the Group') are engaged in the mfg of components primarily for Transportation industry, which in the context of Ind AS 108 – Operating Segments, is considered as the only operating segment of the Group. 4 Exceptional items comprise: - In the standalone and CFR: For the QE Dec31,2024 and Sep30,2024, exceptional items amounting to Rs.0.11 cr and Rs.0.10 cr respectively comprises of expenses related to proposed scheme of amalgamation. For the nine months ended Dec31,2023, exceptional items amounting to Rs.18.75cr primarily comprise of provision for onetime warranty related costs and expenditure towards VRS. For the year ended Mar31,2024, exceptional items includes Rs.20.35cr which primarily comprise of provision for onetime warranty related costs, expenses related to proposed scheme of amalgamation and expenditure towards VRS. - Pursuant to the approval of the BoD and Shareholders of the Company, RMIH B.V.(the Company's subsidiary) has sold its entire stake in LMCA (the Company's step-down subsidiary) on Sep14, 2023 for a consideration of USD 4.9 mn. Accordingly, for the nine months ended Dec 31,2023 and the year ended Mar31,2024, the Company had recorded a fair value loss aggregating to Rs.121.56 cr in the standalone FR and loss on sale of the aforesaid step down subsidiary aggregating to Rs.85.46 cr in the consolidated financial results as an exceptional item. Consequent to the sale of LMCA, RMIH B.V., has carried out a reduction of capital in the equity and NCRPS issued to the Company. The Company has determined that it is eligible to claim the tax benefit arising from such losses and had accordingly recorded a deferred tax asset of Rs.113.34 cr nine months ended Dec 31,2023 and year ended Mar 31,2024. The Company has also obtained legal advice on this matter and believes that it will have sufficient future taxable profits to fully utilize this deferred tax asset. 5 Consequent to sale of LMCA, the Group has consolidated the financial performance of LMCA till Sep 14,2023 and the assets / liabilities of LMCA were de-recognized in the consolidated balance sheet on Sep14,2023. 6 The BoD of the Company in their meeting held on Feb 09,2024, considered and approved the proposed scheme of amalgamation (“Scheme”) wherein RBL and REVL would merge into the Company w.e.f Apr01, 2024 (‘the appointed date’) under sec 230 to 232 of the CA, 2013, and other applicable sections and provisions of the CA,2013 read together with the rules made thereunder. BSE Limited & NSE Limited vide their respective letters dated Jul 18,2024 have issued no adverse observation/ no objection to the scheme. Further, the scheme has been approved by Shar.hol and Crs through their meetings held on Nov20,2024 & Nov21,2024 respectively. The aforesaid scheme is subject to the approval of NCLT and such other approvals as may be required. 7 During the year ended Mar31,2024, the Company had set up a new subsidiary Rane Automotive Components S. de R.L. de C.V. and is currently in the process of setting up the mfg facility. Accordingly the CFR include the financial performance of this subsidiary effective from the year ended Mar31,2024. 8 The S’alone and CFR for the QE Dec31,2024 are being published in the newspaper as per the format prescribed under Reg.33 of SEBI(LODR)Reg,2015.The S’lone and CFR are also available on the SE websites of BSE (www.bseindia.com)and NSE(www.nseindia.com)and on the Company's website viz., www.ranegroup.com. Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 15726500000.00 52700000.00 15779200000.00 10258300000.00 0.00 -220500000.00 1637600000.00 474400000.00 641400000.00 2917300000.00 15708500000.00 70700000.00 -2700000.00 68000000.00 0.00 42900000.00 42900000.00 0.00 25100000.00 0.00 0.00 0.00 0.00 25100000.00 -9700000.00 15400000.00 0.00 0.00 0.00 0.00 162700000.00 10 1.54 1.54 0.00 0.00 1.54 1.54 Other expenses 944100000.00 Other expenses 2917300000.00 -5800000.00 -17400000.00 -1500000.00 -4400000.00 -8300000.00 -3300000.00