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Rane Engine reports net loss of Rs 4 crore in Q1FY20

29 Jul 2019 Evaluate

Rane Engine has reported results for first quarter ended June 30, 2019.

The company has reported a net loss of Rs 4.24 crore for the quarter under review as compared to net loss of Rs 4.36 crore for the same quarter in the previous year. Total income of the company increased marginally by 0.95% at Rs 104.07 crore for Q1FY20 as compared Rs 103.09 crore for the corresponding quarter previous year.

Rane Engine Valve is engaged in the manufacture of valves and valve train components for various engine applications. The Product range of the company includes: Engine Valves, Valve Guide and Tappets. 

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