Comments
Auto parts firm Rane Engine Valves Ltd (REVL) reported a net loss of ₹3.7 crore for the quarter ended September 30, compared with a net loss of of ₹4.1 crore in the year-ago period.
EBITDA for the quarter was at ₹4.5 crore compared with ₹3.4 crore in Q2 of the previous fiscal.
The EBITDA margin stood at 4.7 per cent (3.1 per cent).
Despite lower volume, favourable raw material price and forex movement and operational performance improvement helped to improve EBITDA margins, according to a company statement.
Net revenue of the company fell 12.3 per cent at ₹95 crore (₹108 crore). Sales to Indian OE customers declined 18 per cent and sales to international customers fell eight per cent.
For the half-year ended September 30, the net loss stood at ₹7.9 crore compared with a net loss of ₹8.5 crore in the year ago period. Net revenue saw a decline of 6 per cent at ₹199 crore (₹211 crore).
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.