Rane Engine Valve Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 16, 2022 at 03:28 am EDT
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Rane Engine Valve Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 1,087.2 million compared to INR 979.2 million a year ago. Revenue was INR 1,094.9 million compared to INR 984.8 million a year ago. Net loss was INR 0.1 million compared to INR 4.9 million a year ago. Basic loss per share from continuing operations was INR 0.02 compared to INR 0.72 a year ago. Diluted loss per share from continuing operations was INR 0.02 compared to INR 0.72 a year ago.
For the full year, sales was INR 3,820.6 million compared to INR 3,018.5 million a year ago. Revenue was INR 3,849.5 million compared to INR 3,049.4 million a year ago. Net loss was INR 118.6 million compared to INR 60.9 million a year ago. Basic loss per share from continuing operations was INR 17.65 compared to INR 9.06 a year ago. Diluted loss per share from continuing operations was INR 17.65 compared to INR 9.06 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 
