Rane Holdings Limited, the holding Company of Rane group has announced financial performance for the first quarter (Q1FY23) ended June 30, 2022.
Group Aggregate Performance – Q1 FY23
-
Total Revenue was Rs1,624.3 crore in Q1 FY23 compared to Rs1,096.4 crore in Q1 FY22, an increase of 48.1%
-
EBITDA stood at Rs119.7 crore compared to Rs64.1 crore during Q1 FY22, an increase of 86.8%
-
EBITDA Margin at 7.4% for Q1 FY23 against 5.8% in Q1 FY22
-
PBT stood at Rs50.3 crore for Q1 FY23 compared to Rs27.2 crore in Q1 FY22, an increase of 84.6%
Consolidated Financials – Q1 FY23
-
Total Revenue was Rs821.1 crore in Q1 FY23 compared to Rs531.9 crore in Q1 FY22, an increase of 54.4%
-
EBITDA stood at Rs56.9 crore compared to Rs23.4 crore during Q1 FY22, an increase of 143.8%
-
EBITDA Margin at 6.9% for Q1 FY23 against 4.4% in Q1 FY22
-
PBT stood at Rs30.7 crore for Q1 FY23 compared to Rs19.6 crore in Q1 FY22, an increase of 56.5%
“The group companies has been benefited from the strong favorable demand environment across the market segments. Higher volumes and improved operational performance helped drive profitability as demand environment in India looks encouraging for the upcoming quarter”, said L. Ganesh, Chairman and Managing Director of Rane Holdings Limited.
At around 9:18 AM, Rane Holdings was trading at Rs687.55 per share up by Rs20.75 or 3.11% from its previous closing of Rs666.80 per share on the BSE.