Rane Engine Valve Limited = Q2 FY 2011 (SEPT,2010) RESULTS = GOOD PERFORMANCE

Rane Engine Valve Limited

NSE Symbol   RANEENGINE

Rane Engine Valve Limited has declared its results for the Q/E Sept, 2010.

Net Sales/Income from Operations       FOR q2 IS Rs.69.97 cr – up by 6.38% from previous Qtr – and by 28.32% compared to corresponding Qtr of last year.

Net Profit has shot up to Rs.2.74 Cr -  up by 346.41% compared to previous Qtr and  by     434.01% from corresponding Qtr.

Basic EPS  is Rs.5.33 against  Rs.1.19 of previous Qtr and Rs.1 of corresponding Qtr.

The MP is Rs.278. The annual EPS, if the performance is repeated will be around Rs.17.

RESULTS IN FIGURES :

Quarter Ended	30-Sep-10	30-Jun-10	Dif%1	30-Sep-09	Dif%2
Net Sales/Income from Operations	6996.75	6577.31	6.38	5452.56	28.32
Other Operating Income	85.39	42.64	100.26	46.76	82.61
Increase/decrease in SIT & WIP	42.46	-23.3	-282.2	-58.96	-172.01
Raw Materials	2154.73	2023.37	6.49	1791.21	20.29
Traded Goods	123.25	146.93	-16.12	81.73	50.8
Employees Cost	1591.86	1636.24	-2.71	1331.11	19.59
Depreciation	419.19	413.31	1.42	386.59	8.43
Other Expenditure	2209.41	2197.08	0.56	1770.12	24.82
Total Expenditure	6540.9	6393.63	2.3	5301.8	23.37
Profit from Operations	541.24	226.32	139.15	197.52	174.02
Other Income	37.77	7.77	386.1	36.96	2.19
Profit B I & EI	579.01	234.09	147.35	234.48	146.93
Interest	168.39	142.19	18.43	156.64	7.5
Profit A I BB EI	410.62	91.9	346.81	77.84	427.52
Profit before tax	410.62	91.9	346.81	77.84	427.52
Tax expense	136.3	30.45	347.62	26.47	414.92
Net Profit after tax	274.32	61.45	346.41	51.37	434.01
Net Profit	274.32	61.45	346.41	51.37	434.01
Dividend (%)	-	-		-
Face Value.Rs	10	10	0	10	0
Paid Up Equity	515.1	515.1	0	515.1	0
Basic EPSA EI	5.33	1.19	347.9	1	433
Diluted EPS A EI	5.33	1.19	347.9	1	433
Basic EPS B EI	5.33	1.19	347.9	1	433
Diluted EPS B EI	5.33	1.19	347.9	1	433
Public holding (%)	46.36	46.36	0	48.02	-3.46

 *  *  *    E  N  D   *  *  *