Rane Engine Valve Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 18, 2022 at 08:25 am
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Rane Engine Valve Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,228.9 million compared to INR 996.1 million a year ago. Revenue was INR 1,233.3 million compared to INR 1,003.8 million a year ago. Net loss was INR 0.4 million compared to INR 30.9 million a year ago. Basic loss per share from continuing operations was INR 0.06 compared to INR 4.61 a year ago. Diluted loss per share from continuing operations was INR 0.06 compared to INR 4.61 a year ago.
For the six months, sales was INR 2,378 million compared to INR 1,750.4 million a year ago. Revenue was INR 2,383.4 million compared to INR 1,763.8 million a year ago. Net loss was INR 31.5 million compared to INR 88.8 million a year ago. Basic loss per share from continuing operations was INR 4.69 compared to INR 13.22 a year ago. Diluted loss per share from continuing operations was INR 4.69 compared to INR 13.22 a year ago.
Rane Engine Valve Limited is an India-based company that is engaged in the manufacture and supply of auto components for transportation industry. The Company is involved in the manufacture of engine valves, guides and tappets for passenger cars, commercial vehicles, farm tractors, stationery engines, railway/marine engines, and two/three wheelers. It manufactures components for internal combustion engine industry applicable for stationery and transportation engine applications. Its product categories include engine valves, valve guides, and mechanical tappets. The Companyâs applications include marine applications, diesel engines, tractors, locomotives, battle tanks and automobile industry. The Company has five plants manufacturing engine valves, valve guides, and tappets are located in Chennai (one), Hyderabad (two), Trichy (one) and Erstwhile Kar mobiles in Tumkur (one). It serves various markets, such as railway, defense, and original equipment manufacturer (OEM).
RANE ENGINE VALVE LIMITED 
