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MOTORINDIA
l
February 2012
REVL’s interim of
Rs. 7.50 per share
products & Components
Sales & operating income of Rane Engine Valve Ltd.
(REVL) for the quarter ended December 31, 2011, amount-
ed to Rs. 73.27 crores.
Sales during the quarter dropped compared to the same
quarter of the previous year because of a slowdown in the
serviced passenger car and industrial engine segments in the
domestic market. Exports to Europe also had slowed down.
During the quarter the company faced increase in the cost
of raw material due to forex fluctuations and power and fuel
due to the poor availability, particularly in Andhra Pradesh.
However, the ongoing modernization of the company’s
plant in Chennai was not slowed, and this exercise is ex-
pected to be completed by June next.
REVL has declared an interim dividend of Rs. 7.50 per
equity share on the paid-up capital of 51,50,992 equity
shares of Rs. 10 each for the year ending March 31, 2012.
w
Kar Mobiles
fares better
Kar Mobiles Ltd. of the Rane Group,
a leading manufacturer of large engine
valves for automotive and defence ap-
plications, has reported sales & operating
income of Rs. 29.73 crores for the quarter
ended December 31, 2011, as against Rs.
23.27 crores for the same quarter of the pre-
vious year.
Sales of KML in the domestic and export
markets grew by six per cent and 61 per
cent respectively over the same quarter last
year. The operating profit before tax for the
quarter was Rs. 1.34 crores as against Rs.
1.07 crores, reflecting a growth of 25 per
cent.
The company has declared an interim
dividend of Rs. 5 per equity share for the
year ending March 31, 2012.
RML sales,
operating income
up 16 per cent
Rane (Madras) Ltd. of the Rane Group
registered sales & operating income of Rs.
171.68 crores for the quarter ended Decem-
ber 31, 2011, against Rs. 148.88 crores for
the same quarter of the previous year.
Sales of the company in the domestic
OEM and domestic replacement market
grew by 13 per cent and 36 per cent respec-
tively over the same quarter of last year.
Profit before tax for the quarter was Rs.
9.36 crores against Rs. 9.29 crores.
RML has declared an interim dividend
of Rs. 5.50 per equity share on the paid-up
capital of 1,01,64,145 equity shares of Rs.
10 each for the year ended March 31, 2012.
Mr. L. Ganesh, Chairman, Rane Group