The company said that in the first quarter it entered in to a Business Transfer Agreement to acquire the Friction Business of Hindustan Composites on a slump sale basis for an enterprise value of ₹370 crores.
Rane (Madras) Ltd, the Chennai-based auto component manufacturer, reported a 63 per cent increase in consolidated net profit to ₹30 crores for first quarter ended June 30, 2026, as against ₹19 crore in the same quarter last year. Total revenue rose by 19 per cent to ₹1,051 crores (₹884 crores).Sales to domestic OE customers grew by 13 per cent mainly due to higher offtake in the passenger vehicle and farm tractor segment. Sales to International customers increased by 24 per cent supported by strong offtake of steering products. Sales to Indian Aftermarket customers increased by 28, says a release.The company said that in the first quarter it entered in to a Business Transfer Agreement to acquire the Friction Business of Hindustan Composites on a slump sale basis for an enterprise value of ₹370 crores. The transaction remains subject to customary regulatory approvals and closing conditions. It is expected to be completed by the end of the quarter.During Q1 FY27, the company incurred capex of ₹76 crores. The majority of the investments were directed towards steering and linkages and brake components divisions.During the quarter, the company secured new business with lifetime value of about ₹2,040 crores, the release said.Published on August 5, 2026
