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Rane Engine Valve addressing operational performance in short term to return to profitability

17 May 2022 Evaluate

Rane Engine Valve is addressing operational performance in the short term to return to profitability. The city-based company, part of the diversified conglomerate Rane Group, had declared its financial performance for the quarter and the year ending March 31, 2022. Net loss during the quarter under review stood at Rs 0.01 crore as against Rs 0.5 crore registered year ago.

Total revenue during the quarter grew to Rs 109.5 crore from Rs 98.5 crore registered in corresponding quarter previous year.

Rane Engine Valve is a part of Rane Group of companies involved in the manufacture of valves and valve train components for various engine applications.

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