Rane Engine Valve Limited — Updates, 23-10-2024: Press Release

Rane Engine Valve Ltd. reported a 2.7% increase in Q2 FY25 revenue to ₹147.6 Crore, with a significant EBITDA rise of 83% to ₹16.8 Crore, yielding an EBITDA margin of 11.4%. Net profit (PAT) jumped 287.7% to ₹5.7 Crore. For H1 FY25, total revenue reached ₹287.8 Crore, up 2%, with a PAT of ₹8.1 Crore, reflecting a 152.7% increase. The Board also approved a commission payment for the chairman and a postal ballot notice for approval.