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Home arrow News arrow Auto component arrow Rane Engine Valve Ltd sales & operating income up 15% in Q1 at Rs.76.17 cr
Rane Engine Valve Ltd sales & operating income up 15% in Q1 at Rs.76.17 cr Print E-mail
Written by Krishna Kumar   
Thursday, 21 July 2011
Chennai: Rane Engine Valve Limited has registered a 15 percent increase in Sales & Operating Income for the quarter ended 30th June 2011 over the same quarter last year. The Company registered Sales & Operating Income of Rs. 7617 lakhs for the current quarter as against Rs.6620 lakhs for the same quarter of the previous year.

Over the same quarter of last year, Sales of REVL in the domestic OEM market grew by 14% and in the Export market the growth was 25%.

The company’s Profit Before Tax for the quarter increased to Rs.506 Lakhs from Rs.92 lakhs for the same quarter of the previous year.

L.Ganesh, Chairman of the Rane Group observed that in first quarter of the current fiscal, production by all original equipment manufacturers in the auto industry grew by about twenty percent in comparison with the corresponding quarter of last year resulting in growth in customer demand.

Rane Engine Valve Limited is a leading auto components manufacturer of Engine Valves, Guides & Tappets. Its Profit After Tax for the quarter increased to Rs.342 Lakhs from Rs.61 lakhs for the same quarter of the previous year.

 
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