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Rane Engine Valve reports loss of Rs 1.88 crore in Q1 net

24 Jul 2012 Evaluate

Rane Engine Valve has reported results for first quarter ended June 30, 2012.

The company has registered a loss of Rs 1.88 crore for the quarter under review as compared to a net profit of Rs 3.42 crore for the same quarter in the previous year. Moreover, the total income from operation of the company has decreased by 7.79% at Rs 70.21 crore for Q1FY13 as compared Rs 76.14 crore for the corresponding quarter previous year.

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