Outcome of meeting of the Board of Directors held on May 06, 2026 approving financial results, dividend and other matters is enclosed. The meeting of the Board of Directors commenced at ....
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Rane (Madras) Limited reported strong FY2026 results with standalone revenue of Rs. 3,863 Crores, up 13.4% from Rs. 3,406 Crores in FY2025. Profit after tax (standalone) surged to Rs. 107.48 Crores from Rs. 37.65 Crores, a 185% increase. Consolidated PAT was Rs. 111.44 Crores vs Rs. 49.61 Crores (125% growth). EPS (diluted) improved to Rs. 38.89 from Rs. 13.62. The Board recommended a dividend of Rs. 16 per share (160% on face value), payable from August 14, 2026. The auditors (BSR & Co. LLP) issued an unmodified opinion. Exceptional items included Rs. 3.47 Crores in voluntary retirement expenses. The company also disclosed a land sale agreement for 3.48 acres in Velachery for Rs. 361.18 Crores (advance of Rs. 145 Crores received). Committee compositions were reconstituted effective July 1, 2026.
The company delivered exceptional PAT growth of over 100% driven by improved operational efficiency and higher volumes. The clean audit opinion and dividend recommendation signal financial health, which should be positive for shareholder sentiment. The land sale transaction may provide additional liquidity.