trending Market Intelligence /marketintelligence/en/news-insights/trending/tn3J2_dqgLC_fcR7QGaG7A2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Rane Engine Valve fiscal Q3 loss widens YOY

Blog

US utility commissioners: Who they are and how they impact regulation

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Energy Insights, April 2021

Blog

LCD Monthly: LIBOR: A dramedy for our times


Rane Engine Valve fiscal Q3 loss widens YOY

Rane Engine Valve Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 9.13 Indian rupees per share, compared with a loss of 5.86 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 61.3 million rupees, compared with a loss of 30.2 million rupees in the prior-year period.

The normalized profit margin declined to negative 7.5% from negative 5.1% in the year-earlier period.

Total revenue grew 39.5% year over year to 820.1 million rupees from 587.8 million rupees, and total operating expenses climbed 48.3% year over year to 889.2 million rupees from 599.8 million rupees.

Reported net income totaled a loss of 84.7 million rupees, or a loss of 12.60 rupees per share, compared to a loss of 31.9 million rupees, or a loss of 6.19 rupees per share, in the prior-year period.

As of Jan. 27, US$1 was equivalent to 68.10 Indian rupees.