Rane Engine Valve Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 27, 2016 at 10:40 am
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Rane Engine Valve Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 804.495 million compared to INR 587.815 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 69.135 million compared to INR 11.982 million a year ago. Loss from ordinary activates before tax was INR 122.300 million compared to INR 48.283 million a year ago. Net loss was INR 84.670 million or INR 12.60 per basic and diluted share before and after extraordinary items compared to INR 31.871 million or INR 6.19 per basic and diluted share before and after extraordinary items a year ago.
For the nine months period, the company reported net sales/total income from operations of INR 2,511.893 million compared to INR 1,962.590 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 168.782 million compared to profit from operations before other income, finance costs and exceptional items of INR 42.586 million a year ago. Loss from ordinary activates before tax was INR 75.817 million compared to INR 54.224 million a year ago. Net loss was INR 58.903 million or INR 8.77 per basic and diluted share before and after extraordinary items compared to INR 35.793 million or INR 6.95 per basic and diluted share before and after extraordinary items 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 
