RML

** Shares of India's Rane (Madras) RAMD.NS drop 6% to 951 rupees

** Co reported consol loss after tax of 7 mln rupees ($83,285.74) in Q2 vs yr ago profit

** Auto parts supplier's total rev fell 13.3% y/y

** Trading vols 43,710 shares vs 30-day avg of 14,850 shares

** YTD stock had risen 16%

($1 = 84.0480 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

July 24 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• JUNE-QUARTER CONSOL PROFIT 34.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.22 BILLION RUPEES

Further company coverage: RAMD.NS

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** Shares of steering and suspension products maker Rane (Madras) RAMD.NS fall as much as 8.1%

** Stock last down 7.4%, heads for worst day since late-January

** Co reports Q4 loss of 93.7 mln rupees ($1.1 mln) vs profit of 95.4 mln rupees yr ago; rev from ops fell 16.6%

** Sale to domestic original equipment customers dropped 9% in Q4 mainly due to fall in volume in M&HCV and farm tractor segment, co says

** Adds, export sales declined 10% during Q4

** Stock on track for a fourth consecutive session of loss, if trend holds

** Trading vol 2.2x 30-day daily avg

** Stock fell 16% in March-quarter, its biggest quarterly decline since March 2020

($1 = 83.4863 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Rane Madras RAMD.NS down 7% at 764.95 rupees

** Steering and suspension products maker's Dec-qtr consolidated profit falls 64%, revenue from operations declines 10.7%

** Co says despite strong order book, continue to face demand challenges on domestic segments

** More than 46,000 shares change hands, 2.6x 30-day average volume

** Stock down 6.7% YTD, after a 99.3% climb in 2023

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

Jan 25 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• RANE (MADRAS) LTD DEC-QUARTER CONSOL PROFIT 90.9 MILLION RUPEES VERSUS 237.1 MILLION RUPEES

• RANE (MADRAS) LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.21 BILLION RUPEES VERSUS 5.83 BILLION RUPEES

Source text for Eikon: ID:nNSE3kwmpH

Further company coverage: RAMD.NS

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Oct 30 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• INDIA'S RANE (MADRAS) SEPT-QUARTER CONSOL PROFIT 177.7 MILLION RUPEES VERSUS PROFIT 1 MILLION RUPEES

• RANE (MADRAS) SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.11 BILLION RUPEES VERSUS 6 BILLION RUPEES

Source text for Eikon: ID:nBSE21ZgFc

Further company coverage: RAMD.NS

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Sept 28 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• APPROVED SETTING UP OF WHOLLY OWNED UNIT IN MEXICO

• UNIT WILL ESTABLISH A GREENFIELD MANUFACTURING FACILITY TO MANUFACTURE STEERING AND LINKAGE AUTO COMPONENTS

Source text for Eikon: ID:nBSEbDPkkG

Further company coverage: RAMD.NS

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Aug 28 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• RANE (MADRAS) LTD - APPROVED DIVESTMENT BY WAY OF STOCK SALE OF ENTIRE STAKE IN RANE LIGHT METAL CASTING INC., USA

Source text for Eikon: ID:nNSE67BcKb

Further company coverage: RAMD.NS

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** Shares of Rane (Madras) Ltd RAMD.NS fall as much as 7% to 670 rupees, logging biggest intraday pct. loss since June 20, 2022

** Auto-parts maker says June-qtr loss more than quadrupled, hurt by a one-time impairment charge for a unit and warranty-related cost

** Co says a major customer announced recall of certain vehicles for possible defects suspected in the steering systems supplied by RAMD

** Trading volume at ~321,100 shares, 2.6X the 30-day avg of ~125,800 shares as of 1:25 p.m. IST

** Stock last up ~74% YTD

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]))

** Shares of Rane (Madras) Ltd RAMD.NS surged as much as 17.65% to 573.60 rupees, highest in over four years since Sept. 27, 2018

** Uptick after the steering gear and suspension linkage products maker decides to explore options for divestment of its U.S. unit Rane Light Metal Casting nFWN37E0EB

** Rane Light Metal is engaged in manufacturing high pressure aluminium die casting for automotive and other industrial applications

** Stock most active in 16 months, with a trading volume of 560,007 shares as of 2:19 p.m. IST, nearly nine times the 30-day avg - Refinitiv data

** The relative strength index is 78, suggesting the stock may be overbought

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 5 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• INDIA'S RANE (MADRAS) MARCH-QUARTER CONSOL PROFIT 95.4 MILLION RUPEES VERSUS LOSS 25.4 MILLION RUPEES YEAR AGO

• RANE (MADRAS) MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.22 BILLION RUPEES VERSUS 5.05 BILLION RUPEES YEAR AGO

Source text for Eikon: ID:nBSE63yXzT

Further company coverage: RAMD.NS

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