RACL Geartech Limited has completed vendor registration with Bharat Heavy Electricals Limited (BHEL), receiving a unique Vendor Code under the Pre-qualified Material Suppliers category for the Industrial and heavy equipment segment. This registration allows RACL Geartech to supply precision-engineered components to BHEL, validating the company's technical capabilities and quality standards. The achievement is expected to enhance RACL Geartech's market position, expand business opportunities, and potentially lead to revenue growth.
07May 25
RACL Geartech Reports Decline in Q4 FY23 Financial Performance
RACL Geartech, an automotive and industrial gears manufacturer, released its Q4 FY23 financial results, showing a year-over-year decline in key metrics. Revenue decreased by 17.64% to ₹873.00 crore, while net profit fell by 22.62% to ₹65.00 crore. EBITDA dropped to ₹191.00 crore, but the company maintained a relatively stable EBITDA margin of 21.88%. Despite facing headwinds, RACL Geartech's efforts to manage operational efficiency were evident in the face of revenue challenges.
11Apr 25
RACL Geartech Approves ₹796 Crore Fundraising Through Preferential Equity Issue
RACL Geartech Ltd, an automotive and industrial gear manufacturer, has approved a preferential equity issue to raise ₹796 crore. The issue includes up to 8,30,711 shares for Qualified Institutional Buyers at ₹794.50 per share, and up to 1,75,769 shares for Non-Qualified Institutional Buyers at ₹796.50 per share. Key investors include India Acorn Fund Limited, Ashoka India Equity Investment Trust Plc, Malabar India Fund Limited, and Aniruddha Narayan Malpani. An EGM is scheduled for May 7, 2025, to seek shareholder approval.