Rane Engine Valve reports net loss of Rs 3.51 crore in Q2

Rane Engine Valve has reported result for second quarter ended September 30, 2012.

On standalone basis, the company has reported a net loss of Rs 3.51 crore for the quarter ended September 30, 2012 against net profit of Rs 3.77 crore for the corresponding period last fiscal. Total income decreased by 19.02% at Rs 64.29 crore during the quarter under review from Rs 79.39 crore in the year-ago period.

Rane Engine Valve was incepted in 1959 to manufacture valves and valve train components for various engine applications. It has latest manufacturing practices to keep abreast of technological advancements caters to every section of the auto industry through four manufacturing plants. It has got cutting edge technology.