Rane Engine Valve

Rane Engine Valve Ltd on Tuesday reported a profit after tax for the January-March 2024 quarter at Rs 4.7 crore. The city-based manufacturer of engine valves, had clocked PAT at Rs 4.9 crore during the corresponding quarter of last year. For the year ending March 31, 2024, the profit after tax stood at Rs 11.5 crore, Rane Engine Valve Ltd said in a statement. Total revenue during the quarter under review grew to Rs 151.2 crore, as compared to Rs 136.5 crore registered in the corresponding period of last year. For the year ending March 31, 2024, the total revenue went up to Rs 570.3 crore, as against Rs 499.6 crore registered during the same period of last year. The board which met here today has recommended a dividend of Rs 5 per equity share on a paid-up capital of 72,34,455 shares of Rs 10 each. Sharing some of the operating highlights during the quarter, Rane Engine Valves said the sales to original equipment manufacturers grew by 14 per cent which was supported by strong off-ta

Rane Engine Valve Ltd has reported a net profit at Rs 4.9 crore for the fourth quarter ending March 31, 2023, the company said on Saturday. Total revenue during the quarter under review surged by 24.7 per cent to Rs 136.50 crore from Rs 109.50 crore registered in the same period last year. The city-based manufacturer of engine valves reported net loss at Rs 0.01 crore during the January-March 31,2022 quarter. For the year ending March 31, 2023 the net loss stood at Rs 0.1 crore as compared to a net loss at Rs 11.9 crore registered last financial year. Total revenue for the year ending March 31, 2023 grew by 29.8 per cent to Rs 499.6 crore from Rs 385 crore registered in the same period of previous financial year. On the operating performance during the quarter ending March 31, 2023, the company said sales to domestic customers rose by 28 per cent 'supported by strong off-take from passenger vehicle and commercial vehicle' customers. Exports grew by 27 per cent as demand from over

REVL said sales to India OE customers grew by 28 per cent supported by strong off-take from passenger vehicle and commercial vehicle customers

Rane Engine Valve Ltd (REVL), a leading manufacturer of Engine Valves, Guides and Tappets, has reported a net profit of Rs 61.9 crore during the quarter ended September 2016 as compared to loss of Rs 12.5 crore, a year ago.Company is one of the major suppliers for companies like Mahindra and Mahindra, Renault-Nissan, Maruti Suzuki, Honda Motorcycles, Tata Motors and others.REVL had exceptional income of Rs 93.9 crore on account of profit on sale of remaining portion of Alandur landTotal Operating Income rose by four per cent to Rs 90.7 crore from Rs 87.6 crore in the Q2FY16."REVL continued to improve its operational performance. Our debottlenecking efforts to improve plant production helped us capitalize on strong demand in select market segments. We were able to reduce the operational loss with our focused efforts on material cost reduction, and stringent fixed cost reduction. These initiatives will continue in the upcoming quarters to improve operational efficiency and deliver ...

The stock surged 20% to Rs 551, also its 52-week high on the BSE in early morning trade.

Rane Engine Valve Ltd has sold its 6.8 acres in Alandur, Chennai, for Rs 94.8 crore.