Rane Engine Valve Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

Rane Engine Valve Ltd. has announced a board meeting where the unaudited financial results for the quarter and nine months ended December 31, 2024, were approved. For Q3 FY25, total revenue was ₹131.25 Cr, a decrease of 3.9% YoY, with a net loss of ₹8.9 Cr compared to a profit of ₹3.5 Cr in Q3 FY24. For the nine months, revenue was ₹415.73 Cr, slightly up from ₹415.73 Cr in the same period last year, with a net loss of ₹0.7 Cr compared to a profit of ₹6.7 Cr. The results also reflect a one-time tax credit impact due to the new tax regime.