Outcome of meeting of the Board of Directors held on May 06, 2026 approving financial results, dividend and other matters is enclosed
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Rane (Madras) Limited reported strong FY26 results with standalone profit after tax of Rs 107.48 crore, up 185% from Rs 37.65 crore in FY25. Consolidated PAT stood at Rs 111.44 crore, growing 125% year-on-year. Revenue from operations grew 13.4% to Rs 3,863 crore from Rs 3,406 crore. EPS improved to Rs 38.89 (standalone) and Rs 40.32 (consolidated) from Rs 13.62 and Rs 17.95 respectively. The board recommended a dividend of Rs 16 per share (160% face value) for shareholder approval at the AGM on August 5, 2026. Exceptional items of Rs 3.47 crore relate to voluntary retirement costs. The company has an agreement to sell 3.48 acres of land in Velachery for Rs 361.18 crore (Rs 145 crore advance received). Auditors BSR & Co. LLP issued unmodified (clean) opinions on both standalone and consolidated results.
The company delivered exceptional PAT growth exceeding 100% driven by operational improvements and lower finance costs. The clean audit opinion and maiden land sale agreement (pending completion) provide additional confidence. The dividend of Rs 16 per share signals management's optimism and offers direct shareholder returns.