Rane Engine Valve Ltd posts reduced loss in Q2FY23

Rane Engine Valve Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 123.33 crores during the period ended September 30, 2022 as compared to Rs. 115.01 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. -0.04 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -3.11 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. -0.06 for the period ended September 30, 2022 as compared to Rs. -4.63 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 123.33 crs	₹115.01 crs	7.23%
Net Profit	₹-0.04 crs	₹-3.11 crs	98.71%
EPS	₹-0.06	₹-4.63	98.70%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 123.33 crores during the period ended September 30, 2022 as compared to Rs.100.38 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-0.04 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-3.09 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.-0.06 for the period ended September 30, 2022 as compared to Rs.-4.61 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 123.33 crs	₹100.38 crs	22.86%
Net Profit	₹-0.04 crs	₹-3.09 crs	98.71%
EPS	₹-0.06	₹-4.61	98.70%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.238.34 crores during the 6 Months period ended September 30, 2022 as compared to Rs.176.38 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-3.15 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-8.88 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-4.69 for the 6 Months period ended September 30, 2022 as compared to Rs.-13.22 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹238.34 crs	₹176.38 crs	35.13%
Net Profit	₹-3.15 crs	₹-8.88 crs	64.53%
EPS	₹-4.69	₹-13.22	64.52%

Shares of Rane Engine Valve Limited was last trading in BSE at Rs. 231.20 as compared to the previous close of Rs. 223.15. The total number of shares traded during the day was 2463 in over 74 trades.

The stock hit an intraday high of Rs. 263.95 and intraday low of 221.50. The net turnover during the day was Rs. 563362.00.

Source : Equity Bulls

Keywords

RaneEngineValve Q2FY23 H1FY23 ResultUpdate