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Rane Engine Valve’s net loss narrows to Rs 3 crore in Q1

20 Jul 2022 Evaluate

Rane Engine Valve has reported results for first quarter ended June 30, 2022.

The company has reported net loss of Rs 3.11 crore for the quarter under review as compared to net loss of Rs 5.79 crore for the same quarter in the previous year. However, total income of the company increased by 51.33% at Rs 115.01 crore in Q1FY23 as compared Rs 76 crore for the 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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