Registered Office:

" Moithr "

32, Colhedrol Rood,
Chennoi 00 08.
lndiq.
I

Tel :91 442811 2172

ll28ll

249
Fox :91
URI: www.rone.co.in

CIN : t35999TN I 936PtC002202

Rqne Holdings Lmted

RHL

/ SEt21 t216_17

BSE Limited
Corporate Relationship Department,
1st Floor, New Trading Ring,
P J Towers, DalalStreet,
Mumbai400 001
Code No. 505800

August 11,2016

National Stock Exchange of India Ltd.

Listlng Department
Exchange Plaza, Sth Floor, plot No.C/1,
'G'Block, Bandra Kurla Complex
Bandra (E), Mumbai - 400 051.

Code: RANEHOLDTN

Dear Sir / Madam,

Ref:
sub:

our letter dated June 14,2016 vide letter no. RHL/ s1t

121 2016-12

outcome of Board Meeting- under Regulation 30 of sEBl (Listing

obligations and
Discrosure Requirements)heguration, 2015(sEBr LoDRi - --v

This is to inform that the Board of Directors int-er alia

approved the un-audited financial results
(standalone and consolidateq or irle company
for ne qr]arte, ended June 30, 2016 as reviewed
and recommended by the audit committee at rr"ir ,."ptive
meeting(s) held today (August 11,
20r6).
The un-audited financial results (standalone and consolidated)
of the company for the quarter
ended June 30, 2016 is enclosed herewith along wir
tne Limited Review Report issued by
M/s' Deloitte Haskins & Sells , chartered Accountats,
statutory Auditors (Regulation 33).
The extract of the un-audted consolidated financial results
will be published in newspapers, i.e.,
'Business standard' and 'Dinamani' in the format pr"""ioo
(Reguratio n 471.
A press release for the above results is also enclosed (Regulation
30).
The meeting of tho Board of Dilectors commence d
at 12:15 p.M and concluded at 02:30 p.M.
we request you to take the above on record in compliance of the
above referred regulations of
(SEBI LODR) and acknowtedge receipt.

Yours faithfully
For Rane Hold
\

f--Sivahandr
Secretary
Encl: ala
1.

3.

ii

f.i

Thanking you.

2.

Un- audited financial results (standalone and consolidated)

for the quarter ended June 30, 2016
Reporr for th quarter nJJ
kIiL"9
T-"ieq
Fress retease dated August 11, 2016

Jdb,io

RANE HOLDTNGS
Rsqd.

Ofice : " Al'IHRf',

LrMrrED

132, Cathedrl Boad, Chenna - 600 046

Statement of Standalgne & Consolidated Unaudited Financial Results for the Quarter Ended June 30. 2016
Standalone

Quetf 6nded

Parliculrs

31.03.20t6
Audited

30.06.2016

Unaudited

Quarter ended

Year endd
30.06.2015

31.03.2016

Unaudited

Audiled

30.06.2016
Unaudted

64,172.99

Total lncore m operatians tnet)

2. Exenses

107.45
1,215.76

1,068_06
1,432.95

55.48

2,40A.72

1,184.59

1,32321

2,l)1.01

1,2-O7

5,087.03
7,495.75

la) Cost of materias consumed

(b) Purchas ol slock-n{race
(c) Changes in nventories of fnished qoods,
workjn-proqress 3nd slock-n{rade
(d) Employee benets eipense
(e) Deprecaon nd mcrlisat.,n )@nse
(f) Profrssoai chrges
(s) lnfometion Systers expenses
(h) Other expenses

226.53

Total ExDenses

311.86

279.11
29.75

161.57

'135.67

71-73

295.01
9 t 1.99

551.48
13.57

44.37
156.77

3. Proft / (Loss) from Ogerlicns and befrore Other Income,

lnance cors and Ercediona items (1-2)
1.

342.O5
24.O2
E5.34

32_20

Olher lnco

5. Profrt / (Loss) fiom ordinary clvilies before fnance cosls

and Exceponal items (3 t4)
7. Profit / (Loss) from crdnry ac{vfes after fnance cosls
but before E)ceplional ltems (5 t 6)
L Exceptional llems (Nole 5)
L Profn / Goss) from ordnary aclivities before Tax C 18)
'10. Tax expense
11. Net Proft / Goss) from ordinary adivities e.',ax 9 ! 0)
12- Extraordnary ltem (net oftx expense)
1 3. Net Pft / (Loss) for lho period (1 1 t 12)
14. Share of Profrl / (Loss) of Associates
15. linority lnterel
16. Nel Profl / (Loss) after taxes, mnority flterest and
share of proft / (bss) of assocates (1 3 14 1 1 5)

78.68

66,94520

54,372.44

2,36,630.95'

437.75

1,785.30

72411

69,010.7,f

68,730,50

55,096.62

4.081-26
2,40,712.21

38,239.61

37,297.24

31,760.29

1,35,284.86

343.53

456.84

362.79

11,117.61)

235.83

',,roo.ru

10,542_13

3,406.64

10,246.16
3,193.72

7,93s.21
2,63'1.16

34,651.50

114.60
270-1A

703-30

396.96
274_47
10,104.27

2,350.96
749.00
44,612.87
2,29,043.8s

(1,303.69)

1,a33:72
(1,827 A8l

1134442

'143.O7

666.28

3,070.4

65,64't.41

263.92
12,919.90
6s,222,46

1,589.02

573.79

4,425.31

3,369.33

3,507.64

2,654.42

18.14

26.94

88.81

s02.16

7E1.54

576.78

2,417.94

,607.16

600.73

4,514.t2

3,871.49

4,249.14

3,231.20

14.0E6_30

224.34

1,3'15.03

1,226.36

1,049.97

4,493.43

4,249.74

2,556.46

3,062_42

2,181.23

9,592.87

2,417.68

2.556.46
764.43

(9s.84)
2,966.98
644.47
2,318.51

3,368.17

2.3f8.51

3,368.'17
187.28)

492.01

1,534.62

600.73

'1.534.62

60073

4,2A9-74

167.34

94.06
506.67

724.91

3,564.83

-^:^-

3,564.83

386.49

136;:s

386.49

1,367.24

506.67

'|,427-7A

1,427.78

1,427.74

t,tar.oa
42_70

3't.03.2016
udted

s96.s4
888.87

72.54

3A649

Unaudited

554.57
196.81
13,362.42

73.04

492 01
105.52

30.06.2015

Audited
l{ote no. 6

ote no. 6
1. lncome lom Ooerations
(a) Net Sales / lncome fiom operalons (Nel ol excise duly)

lb) Dividend lncome

(c) other Operalins lncome

3'1.03.20',16

(33s.55)

52142-20

1,625.91

't,260.74

165.78
(294.06)

{1.062.6s)

3,564.83

'1,499.18

2,190.23

2,214.24

1,427.7A

1,427.78

1,427.74

1,427.78

11,664.36

't0,92E.63

3,160.74
7,767.89
7,767.A9
112.12
11,326.24)

'17. Paid-up equily share captal

(Face Value of Rs.10 per share )

8. Reserve (e)cluding Revalulion Reserves as per balance
sheet of lhe year ended 31-03-2016)
19.. Eamngs per share of Rs.lo/- each be,fore
exlraordinry ilems (notannualsed) (Amount in Rs.)
(a) Bas'c
(b) Dilud
1 f.ii. Eamngs per share of Rs.I 0/- ech affer elrordinary
I
ilems (not annualised) (Amount n Rs.)
(a) Basic
1

I
|

2_71

9.58
9.58

3.55
3.55

24.97
24.97

'10.50
'10.50

15.34
15.34

2.71

9.58

24.97

271

958

3.55
3.55

10.50
't0 50

15.34
15.34

2_71

1.427-7A

57,647.45

24,461.73

15.54
54

-.<>{5

45.90
45.90

,/o.$s\

rK]'v
r

\Gni ic7
7

2197

!f/-ynrrnnrr{sr\

r2,

rsl&

AL:%t

45.90
5 9t)

Rane Holdings Limited

Regd. office :'t!,lAlTHRl ", 132, cthedrsl Road, chennai- 600 086
visit u5 at:

wwwran.co.in clN:

13599STN1936P1C002202

Exlct of Consolidtd Unaudlted FnancilR.3ults lorthe Ouarternded June 30,2016

Quarlrndtl
30.06,2016

S.No

30.06.2015

lAuditedl

rUn.udlt6d

69,010.74

2,40,712.21

55,096.62

1,499.1E

6,553.77

2,214.24

1,499.18

6,553.77

2,218.24

Equily Share Capill

Reerves (excluding Rvalutlon Reerve as showr in lhe Balnce Shet of
prvlous yar nded 3l-0'2016)

1,427.74

1,427.7

1,427.74

Eamings PerShare (before exlraordinary items)

(a) B3ic I

Qurternded

31,03.201

Nt Proflt / (Los6) fro ordinary cllvlls ar tax

Nel Proft / (Loss) for lhe period aftr lax (after Eliaordinary itsms)

Tolalincome from opralions (nel)

Lkhs
FlnancialYr erded

(ofRs.l0

57,647.45

each)
10.50

45.90

15.54

(b)Dlluted;

10.50

45,90

15.54

Emlngs Per Share (after exlraordlnary lems) (of Rs.10l ach)

(a) Basic :

10.50

45.90

15.54

(b)Dllut6dl

10.50

45.90

15.54

Note:
I

'fhe above unaudlted tlnanciat resutts wre revlewed by lhe Audil Comillee nd approved by lh Board of Dlrector al lhe rsspective meetlngs
hld on Augusl 1i, 2016.
The bove ts sn extract of ths dtailed fomat of Ourtrly Consolidled Flnanclsl Resulls ledwilh lhe Stock Exchsnges undrRegrlatlon 33 oflhs
SEBt (Lsting snd Othr Disclosure Requkemenls) Regulalions, 2015. The fullformsl of th Quartedy Flnancil Rsulls are avallable on the Stock

2.

Exchnge wbsils and vrwwrane,co,in,

3.

The compny has optd to pulish Consolldated nnclal rsults. Ths standalone fnncial rsults ars avilabl on lhe Company's wbsle
wllvr,rane.co.in and on lhe stock6xchnge websller www.bseindia,com nd ww!v,nsindia,com

4,

Kev Slandalone informalon srs qivn

blow:

Rs. in Lkhg

For Ra\e Holdings

Chnnal
Argrrsl 11, 2016

Rl

Regd. Otrcs: " MA|THRI ",132, Cathdrl Road, Chenna - 61rc 086
vist us at www.rane.co.n

Statement of Standalone & Consoldated Unaudted Fnancial Results for the Quarter Ended June 30,

20 t 6

TheaboveesultswerevewedbytheAuditcommilteendappfovedbytheB
provides management, infomation tectnology and busness development services to th Group.
The Consolidated Financial Results prepared n accordance with AS 21 . AS 23 & AS 27 relate to lhe Company and its Subsdaried Jont Ventures/Associate.

TheaboveconsolidedfanciafesultsincludesfnancalesrltsoflheoveeassubsidianesandoneJoffVetufescompanybasd
tem 8- Exceplional items in the consoldated financl results include the following :
(a) Profrt on sale of land by Rane Engne Vatue Limiled (REVL), subsidiry company, of Rs.2,753.93 lakhs lorthe quader ended June 30, 2015 nd year ended Mrch 31, 2016.
(b) Expenditure towards Voluntary Retiremer Scheme (VRS) compises of the follolving:
(i) Flane (lvladras) Limited (RML), subsidiary company, has incurred an aount of Rs.269.62lakhs for the qualer ended June 30,2015 and year ended March 31, 2016.
(i) REVL has ncurred an amount of Rs.1005.22lakhs forthe yer ended March 31,2016.
March 31,2016.
.

(iv) Ra!e NSK Steering Syslems Pvt Lld. (RNSS)

The fgures for the quarter ended March 31 , 2016 a
Key Stand-alone fnancil informalion s gven below:

. Previous period's /

yeals figures have been regroupd / Eclassified wherever necessry to conform to currenl period's

/ yeads dassifiction / dsdosure.

ForRn

e!{ed\

Deloitte
Haskins & Sells

Chartered Accountants
ASV N Ramana Tower
52, Venkatnarayna Road
T. Nagar, Chennai - 600 017

Tel : +9,l (44) 6688 5000

Fax : +91 {44) 6688 5050

IND.EPENDENT AT]DITORS' RE\rIEW REPORT ON REVIE\il OF INTERIM

FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF
RANE IIOLDINGS LIMITED

l.

We have reviewed the accompanying Statement of Standalone Unaudited Financial Results

of RANE HOLDINGS LIMITED ("the Company") and Consolidated Unaudited

Financial Results of the Company and its subsidiaries (the Company and its subsidiaries
together referred to as "the Group"), its jointly controlled entities and its share of the profit
of its associate for the Quarter ended June 30, 2016 ("the Statement"), being subrnitted by
the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015. This Statement which

is

the

responsibility of the Company's Management and approved by the Board of Directors, has
been prepared in accordance with the recognition and measurement principles laid down in
Accounting Standard for Interim Financial Reporting (AS 25), prescribed under Section
133 of the Companies Act, 201 rcad with relevant rules issued thereunder and other
accounting principles generally accepted in India. Our responsibility is to issue a report on
the Statement based on our review.
2.

We conducted our rcvicw of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 "Review of Financial Information Performed by the Independent
Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This
Standard requires that we plan and perform the review to obtain moderate assurance as to
whether the Statement is free of material misstatement. A review is limited primarily to
inquiries of Company personnel and analytical procedures applied to financial data and,

thus provides less assurance than an audit. We have not performed an audit and,
accordingly, we do not express an audit opinion.
3.

The Statement includes the results of the followins entities:

Name of the Co
Rane Holdinss Limited
Rane (Madras) Limited

HL)
ML)
Rane (Madras) International Holdings B.V.,
Netherlands MIH)
Rane Precision Die Casting Inc., United States of
America (RPDC)
Rane Engine Valve Limited (REVL)
Rane Brake Lining Limited (RBL)
Rane Holdings merica Inc. (RFIAI)
Rane TRW Steerine Svstems Private Limited IRTSSL)
Rane NSK Steering Svstems Private Limited NSSL)
.IMA Rane Markefins Limitecl (JMA Rane)

SasMos HET Technologies Limited (SasMos)

Fokker Elmo SasMos Interconnections Svstems Limited

Relationshin
Company
Subsidiarv of RHL
Subsidiary of RML
Subsidiary of RMIH
Subsidiarv of RHL
Subsidiarv of RHL
Subsidiarv of RHL
Joint Venture of RHL
Joint Venture of RHL
Joint Venture of RHt
Associate of RHL
Subsidiarv of SasMos

Deloitte
Haskins & Sells
4.

We did not review the interim financial results of two subsidiaries and a jointly controlled
entity included in the consolidated financial results, whose interim finanial results reflect
total revenues of Rs. 3l,222.12lakhs for the Quarter ended June 30, 2016 and,total profit
after tax of Rs. 7,211.79 lakhs for the Quarter ended June 30, 2016, as considered in the
consolidated financial results. The consolidated financial results also includes the Group,s
share of profit after tax of Rs. 42.70 lakhs for the
Quarter ended June 30, 2016, as
considered in the consolidated financial results, in respect of an associate, whose interim
financial results have not been reviewed by us. These interim financial results have been
reviewed by other auditors whose reports have been furnished to us by the Management
and our report on the Statement, in so far as it relates to the amounts and disclosures
included in respect ofthese subsidiaries, jointly controlled entity and associate, is based
solely on the reports of the other auditors.

5.

The consolidated financial results includes the interim financial results of three subsidiaries
and ajointly controlled entity which have not been reviewed by their auditors, whose
interim financial results reflect total revenue of Rs. 6,028.79 lakhs and total loss after tax
of Rs. 47l.02lakhs for the quarter ended June 30, 2016, as considered in the consolidated
financial results. These interim financial results have been certified by the Management of
these subsidiaries and the jointly controlled entity referred above *d ou. r"p.t on the
statement, in so far as it relates to the amounts included in respect of these subsidiaries and
jointly controlled ent, is based solely on such certified interim financial results
for the
Quarter ended June 30, 2016.

6.

Based on our review conducted as stated above and based on the consideration of the
reports ofthe other auditors referred to in paragraph 4 above and except for the possible
effect of the matter described in paragraph 5 above, nothing has come t our atteniion that
causes us to believe that the accompanying Statement, prepared in accordance with the
aforesaid Accounting Standards and other accounting principles generally accepted in
India, has not disclosed the information required to be iiclose in trms of iegula-tion 33

SEBI (Listing Obligations and Disclosure Requirements) Regulatins, 2015,

including the manner in which it is to be disclosed, o that it contains any material

9f

misstatement.

For DELOITTE IIASKINS & SELLS

Chartered Accountants
irm's Registration No. 0080725)

Chennai, August

ll, 2016

(Membership No. 29519)

l:

Press Relege

Rone Holdings limiled reporls results of lhe firsl quorler ended June 30. 201

.
o
o
.

So/es & Operoting income

EBITDA

at Rs. 72.78

of

Rs. 90. I

I Crores up 25.3%YoY

Crores up 24.2%YoY

Profts before tox (before excepfiono/ ifems/

of

Rs. 25.5

Crores up 17.2%YoY

Nef Profit of Rs. 14.99 Crores os ogoinst Rs.22.18 Crores for Ql FY 16

Chennoi, lltt'Augusl 201: Rone Holdings Limited (RHL), (BSE:505800, NSE: RANEHOLDIN), holding
compony of Rone Group todoy onnounced its consolidoted finonciol results for the quorler ended 30th
June 201 .

he Compony reported consolidoted Soles & Operoting lncome of

for the currenl

quorter os ogoinst Rs.551.0 Crores for the corresponding quorter in the previous yeor. Rone Group
Componies benefitted through robust growth ocross outomotive segmenls such os PV, CV ond 2wheeler segments. Rone Group Componies olso benefitted by higher volumes in lhe supplrT of
components to new vehicle models introduced in PC ond MUV segments. At product-segment level.
Rs. 90.1 Crores

there wos strong demond for our die-cosiing components ond occupont sofety systems.
The Group componies ochieved moteriol cost reduction through vorious cost sovings initiotives such os

moteriol locolizofion ond olternoie sourcing. The Group Componies foced inflotionory pressure on
employee cost ond other operotionol costs. The Group Componies ore working on severol projects to
improve operotionol performonce ond reduce operotionol cost.

"On the bock of strong performonce in Ql ond positive signols from customers ond economy, we ore
optimistic obout continued good performonce in the remoining port of FY 17. To deliver superior
performonce in this environment, Rone Group Componies ore working towords driving morgin growth
through operotinol efficiency." soid L. Gonesh, vice choirmon, Rone Holdings ltd.

itliltL

ffiHffi
Expnding Horiz<ns

The summory of consolidoled finonciol performonce is given below:-

(Rs. Crores)
Soles

Qr 20r5-l

qnd Operoting Revenues

Profit before Tox before exeptionolitems

Exceptionol ltems *
Profit before Tox
Profit ofter Tox

* lncludes on excepfionol income from profit on sole of lond by Rone Engine Volve Ltd. of Rs.27.54
crores ond exceptionol expense lowords Volunlory Retiremenl scheme (vRS) of some of lhe group
crlr'r'rpurries urrruunled to Rs. 3.0 crores in e I 2Ct I 5- I
.. ENDS.
For furlher

informqtion, pleose conlocl:

Ms. Povithro lokshmonon

Ms. V Usho

brond-comm

Corporote Communicotions, Rone Group

T; +91 98409 96840

Tel: +91 44 4229 2443

E-Moil: v

Aboul Rqne Holdings Hd.

Rone Holdings Limited (RHL) is the holding compony of Rone Group. RHL is o listed compony with
investments exclusively in the group componies. RHL owns the trodemork in Rone ond provides o ronge
of services to group componies. These include employee troining ond development, investor services,
business

development ond informotion systems support.

About Rone Group

Heodquortered in Chennoi, lndio, Rone Group

engoged primorily in monufocturing outo components

for well over five decodes. Rone Group is o preferred supplier to mojor OEMs in lndio ond obrood.
Through its group componies, it monufoctures Steering ond Suspension systems, Friction moteriols, Volve
is

troin components, Occupont sofely systems, Die-costing products ond Aerospoce-grode Wiring
hornesses. lts products serves o voriety of induslry segments including Possenger Vehicles, Commerciol
Vehicles, Form Troctors, Two-wheelers, Three-wheelers, Roilwoys ond Stotionory Engines.