Rane Engine Valve Ltd posts Rs. 3.09 crore loss in Q2FY22

Rane Engine Valve Limited has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 100.38 crores during the period ended September 30, 2021 as compared to Rs. 76 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. -3.09 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. -5.79 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. -4.61 for the period ended September 30, 2021 as compared to Rs. -8.61 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 100.38 crs	₹76 crs	32.08%
Net Profit	₹-3.09 crs	₹-5.79 crs	46.63%
EPS	₹-4.61	₹-8.61	46.46%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 100.38 crores during the period ended September 30, 2021 as compared to Rs.83.37 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.-3.09 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.-3.46 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.-4.61 for the period ended September 30, 2021 as compared to Rs.-5.15 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 100.38 crs	₹83.37 crs	20.40%
Net Profit	₹-3.09 crs	₹-3.46 crs	10.69%
EPS	₹-4.61	₹-5.15	10.49%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.176.38 crores during the 6 Months period ended September 30, 2021 as compared to Rs.113.89 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.-8.88 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.-19.77 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.-13.22 for the 6 Months period ended September 30, 2021 as compared to Rs.-29.42 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹176.38 crs	₹113.89 crs	54.87%
Net Profit	₹-8.88 crs	₹-19.77 crs	55.08%
EPS	₹-13.22	₹-29.42	55.06%

Shares of Rane Engine Valve Limited was last trading in BSE at Rs. 289.15 as compared to the previous close of Rs. 284.40. The total number of shares traded during the day was 2431 in over 99 trades.

The stock hit an intraday high of Rs. 295.00 and intraday low of 270.15. The net turnover during the day was Rs. 679785.00.

Source : Equity Bulls

Keywords

RaneEngineValve Q2FY22 H1FY22 ResultUpdate