Rane Engine Valve Ltd Q4 FY2023 net profit rises to Rs. 4.86 crores

Rane Engine Valve Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 136.52 crores during the period ended March 31, 2023 as compared to Rs. 124.77 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 4.86 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. -1.77 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 7.11 for the period ended March 31, 2023 as compared to Rs. -2.63 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹136.52 crs	₹124.77 crs	9.42%
Net Profit	₹4.86 crs	₹-1.77 crs	374.58%
EPS	₹7.11	₹-2.63	370.34%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.136.52 crores during the period ended March 31, 2023 as compared to Rs.109.49 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.4.86 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.-0.01 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.7.11 for the period ended March 31, 2023 as compared to Rs.-0.02 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹136.52 crs	₹109.49 crs	24.69%
Net Profit	₹4.86 crs	₹-0.01 crs	48,700.00%
EPS	₹7.11	₹-0.02	35,650.00%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.499.63 crores during the Financial Year ended March 31, 2023 as compared to Rs.384.95 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.-0.06 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.-11.86 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.-0.09 for the Financial Year ended March 31, 2023 as compared to Rs.-17.65 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹499.63 crs	₹384.95 crs	29.79%
Net Profit	₹-0.06 crs	₹-11.86 crs	99.49%
EPS	₹-0.09	₹-17.65	99.49%

Shares of Rane Engine Valve Limited was last trading in BSE at Rs. 218.55 as compared to the previous close of Rs. 221.95. The total number of shares traded during the day was 914 in over 59 trades.

The stock hit an intraday high of Rs. 225.00 and intraday low of 216.00. The net turnover during the day was Rs. 202050.00.

Source : Equity Bulls

Keywords

RaneEngineValve Q4FY23 FY2023 ResultUpdate