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BFr

Tel

Registered Office:

Rane Engine Valve Ltd,

'Maithri"

2Q!!

-2811 2472

Fax :044 -28112449

132, Cathedral Road,

URL : www.rane.co.in

Chennai 600 086.


lndia.
CIN : 1744999TN1972P1C006127

July 25,2016

RE\IL / SE/ 16 t2016-17


BSE Limited
Corporate Relationship Department,
1st Floor, New Trading Ring,
P J Towers, Dalal Street,
Mumbai400 001

National Stock Exchange of Indla Ltd.


Listing Department
Exchange Plaza, Sth Floor, Plot No.C/1,
'G' Block, Bandra Kurla Complex
Bandra (E), Mumbai - 400 051.

Code No. 532988

Gode: RANEENGINE

Dear Sir / Madam,

Sub:

Outcome of Board Meeting held on July 25, 2016- under Regulation 30 of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR)
Ref: Our letter no. REVL/SE/ 8/ 2016-17 dated June 14,2016
This is to inform that the Board of Directors inter alia approved the unaudited standalone financial
results of the Company for the quarter ended June 30, 2016 as recommended by the audit
committee at their respective meeting(s) held today (July 25, 20f 6).
The unaudited standalone financial results of the Company for the quarter ended June 30, 2016
is enclosed herewith along with the Limited Review Report issued by M/s. Brahmayya & Co.,
Statutory Auditors (Regulation 33).
The extract of the unaudited standalone financial results will be published in newspapers, i.e.,
'Business Standard' and 'Dinamani' in the format prescribed (Regulation 471.
A press release for the above results is also enclosed (Regulation 30).
The meeting of the Board of Directors commenced at 01:30 P.M and concluded at 03:33 P,M
We request you to take the above on record and note the compliance under above referred
regulations of SEBI LODR.
Kindly acknowledge receipt.

Thanking you.
Yours faithfully
For Rane

Limited

f,u,o|^o
PG

Un- audited financial results for the qr"i", ended June 30, 2016
2. Limited Review Report for the quarter ended June 30, 2016
3. Press release dated July 25,2016
1.

3FP

Rane Engine Valve Limited


Regd Office: "Maithri", 132 Gathedral Road, Chenna 600 0g6

vsit us at: wwwrane.co.in


GIN: L74999TN1972PLC006127

Statement of Unaudited Financial Results for the euarter ended June 30, 2016
te

Rs. in lakhs
I

Fnencal Year
ended

Quarter ended
PalculalB
30.06.2016
Unaudted

lncome om Operations

ll.

(a) Net Sales/lncome from Operetions (net of excise duty)


(b) Other Onerating lncme

|
|
I
12,

|
|
|
I
|
|
|
I

9,125.2(,
191.0{

Total incomefrom operatons (netl

9,231.01

Expenses
(a) Cost of malerials cnsumed
(b) Purchase of stock-in-traqe

15. Profit / (Loss) from ordinary ectivities before finance costs &
exceptional ltems (3+4)

Fnance Costs

16.
17. Profit / (Loss) from ordinary actvities after
I before Exceptional ltems (5-6)
Excentional ltems (ReferNote: 2)

fnanc costs but

715.7(
34,959.9(

3,021.57
1 51.09

2,930.06

3,147.3C

111.15

237.8r,

732.92

319.07

981.31

8.76)

840.6t

9j317.3t
(86.3s)

2,465.05
705.94
2

g)t

05

r0,015.5(

9,537.7i

666.60

2,753.82

3 0r1

(2,387.55

21.3e

32.18

86.85

295.01

(64.s51

(667.071

1284.371

(2,092.63,

332.08

340.77

344.66

1,422.0t

(397.031

(1,007.84)

(629.031

(3,5{4.7r1

(137.40:,

(342.82)

(0.48:

t-t2l

14. Paid-up equity share capital

.601.8:

(371.221

|
|
I 1.

(g-iol

11

(699.25)

(1,007.84)

2,124.94

1,748.71
(r,766,001

(s1 1.e6)

0.43

421.25
194.85
(0.00)

(259.r51

(665.451

1,508.80

(1,254.471

{259.r5)

(665.451

1,508.80

671.9C

671 9(

11,254.47"
671 .9(

(Fece Value of Rs.l0l- per shar)


1

2,297.41

37,347.5!

(397.03

3. Net Profit / (Loss) for the period (l

(31

1,880.5

9,052.3r

19.

2,753.93

Profit / (Loss) from ordnary activities before tax {Z+8,


Tax expense
110.
(a) Current tax (net of MAT credit)
(b) Deferredtax
(c) RelatnS to Earler Yeers

34,244.2(

8,681.t:

18.

Net Profit / (Loss) from Ordinary Activities after tax


lr
12. rdraordnary ltem (net of tex expense.)

8,494.U

9,316.31

706.58
2,822.43

& exceptional ltems (1-2)


Other lncome

3r.03.20r6
Audited

86.9!

2,296.61

Total expenses
13. Profit / (Loss) from Operations before Other lncome,finance costs

Unaudited

160.5

stock-n-trade
(d) EmdoVee benefits expenses
(e) Deprecation and amortisetion expense
(f) Other Expenses

14.

30.06.2015

Audted

9,070.4(

{c) Ctranges in inventories offnished goods, worlcin-progress and

31.03.2016

671.90

0.43

5. Reserve excluding Revaludion Reserves aS per balance sheet

of previous accounting year

9,622.54

16. Earnings per shere (of Rs.10l each) (not annualised).( in Rs.)
,

Earnings Per Sharc bfore extraotdinary items

(a) Basic

(b) Diluted
i. Earnings Per Share after extraordinary tems
(a) Basic
(b) Diluted

(3.86)

(s.s0)

22.46

(18.67)

(3.86)

(e.e0)

22.46

(1

8.67)

(3.86)

(s.e0)

22.46

(18.67)

(3.86)

(e.s0)

22.46

(1

8.67)

1. The above finncial results were revie\ /ed by the Audit Committee and approved
y the Boar.d of Direclors at their
respclive meetings held on July 25, 2016 and have been subjected to limited revlelv by the statutory auditors.
2. Exceptional tems include the follol,ving:
(i) Voluntary Retirement Schsme expenditure of Rs 1 005.22 lakhs for th yar ended March 3i,2016.
(i) Profit on sale of land of Rs .2,753.93|akhs for the quarter ended June 30, 201s
and for the year ended March 31, 2016.

3' The figures of the querter ended March 31, 2016 are the balancng figures beti,veen the audited figures in respecl of the previous
full financal year and the published year lo dde fgures upto the third quarter of the previous finencial year.

4. Previous

yer / period figures have been regrouped wherever necessery to conform to current year periods' prsentation.
/
5. The company operates only n one segment, namely, components for tiansportation industry.

For Ran

)hennai
)ated : July 25,2016

ffi
.+X

ffitr tul

g1w
,-.a#t

Ghairman &

Format for Newspaper Publishing Purpose


Rane Engine Valve Limited
Regd. Office : " MAITHRI ",132, Cathedral Road, Chennai - 600 086
visit us at:

www.rane.co.in CIN: L74999TN1972PLC006127

Extract of Standalone Unaudited Financial Results for the Quarter ended June 30, 2016
Financial
Year ended
31.03.20r6

2
3

otal income from operations (net)


Net Profit / (Loss) from ordinary activities after tax
Net Profit / (Loss) for the period after tax
(after Extraordinary items)

Reserves (excluding Revaluation Reserve as shown in the


Balance Sheet of previous year ended 31 -03-201 6 )

34.959.90

8,681.13

(25e.15)

(1,254.4

1,508.80

(25e.15)

(1,254.47)

1,508.80

9,231.02

671.90

671.90

671.90

671.90

671.90

671.90

9.622.54

Earnings Per Share before extraordinary items


(of Rs.l0l- each)
(18.67)

22.46

(18.67)

22.46

(18.67)
(18.67)

22.46
22.46

Earnings Per Share efter extraordinary items


(of Rs.l0 each)
(a) Basic':

Note:

,''
2

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their
respective meetings held on July 25, 2016 and have been subjected to limited review by the statutory auditors.

The above is an extract of the detailed format of Quarterly / Annual Financial Results filed with the Stock
Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The
full format of the Financial Results are available on the Stock Exchange websites www.bseindia.com and
rvww.nseindia.com and on the company's website- www.rane.e.in

For Rane Engine V

Ghennai
Dated : July 25,216

w
o

Ghairman &

'w

2813 t128,2813 1138


2813 1148,2813 1158
+ 91(044) - 28r31158

BrahmayR8rco.

Phone

CHARTERED ACCOUNTANTS

Fax
e-mail mail@-brahmbyya.com,

48, Masilamani

Road,
Balaji Nagar, Royapettah,
Chennai - 600 014. India.

limited Review Report of unaudited Financial Results


for the quarter ended 30th June, ZOt6
To,
The Board of Directors
Rane Engine Valve Limited
Chennai

We have reviewed the accompanying statement of unaudited financial results of Rane Engine
Valve Lmted for the period ended 30th June, 70t6. This statement is the responsibility of the
Company's Management and has been approved by the Board of Directors. Our responsibility s
to issue a report on these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement (SRE) Z4LO,
Review of Interim Fnancial tnformation performed by the tndependent Auditor of the Entity
issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan
and perform the review to obtain moderate assurance as to whether the financial statements
are free of material misstatement. A review is limited primarity to inquiries of company
personnel and analytical procedures applied to financial data and thus provides less assurance
than an audit. We have not performed an audit and accordingly, we do not express an audit
opinion.
Based on our review conducted as above, nothing has come

to our attention that causes us to


believe that the accompanying statement of unaudited financial results prepared in accordance
with applicable accounting standards and other recognized accounting practices and policies
has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2OL5 including the manner in
which it is to be disclosed, or that it contains any material misstatement.

& CO.,
Accountants
No:0005115

FoT BRAHMAYYA

Date:25th July,2OL6
Place: Chennai

Partner
ip No: 15590

l{r-

"w

Expondlng H<rizona

Press Release

Rone Engine Volve Limiled reporls resu!s of the firsl qucrler ended June 30, 2016
a

So/es & Operoting income

EBITDA

Loss from operofions

of

Crores in

.42 Crores up 6B%YoY

Rs.

Ql

of Rs.92.31 Crores up 6%yoy

(before tox ond exceptiono litems)of

Rs. 3.92 Crores os

ogoinsf fhe /oss of

Rs.

6.29

2015-16

Chennoi, 25tt'July 201: Rone Engine Volve Limited (REVL), (BSE: 532988, NSE: RANEENGINE) o leoding
monufocturer of Engine Volves, Guides & Toppets todoy onnounced its results for the quorter ended
30th June 201.
The Compony registered Soles & Operoting lncome of Rs. 92.31 Crores for the quorter os ogoinsl

Rs.

B.Bl Crores for the corresponding quorter in the previous yeor. The growth is ottribuled to strong orders
in select progroms of possenger cor ond growth in the Two Wheeler segment. Our lorge volve business

foced lower offtoke in the Aftermorket segment.


The compony reported EBITDA of Rs. .42 Crores for the quorter os ogoinst EBITDA of Rs. 3.82 Crores for

the corresponding quorter in the previous yeor. During the quorter, REVL continued to pursue vorious
initiotives focused on reducing row moteriol ond other operolionol coss. The cornpony reporte<j Loss
from operotions before tox ond exceptionol items of Rs. 3.97 Crores for the quorler os ogoinst the loss of
Rs. .29

crores in the corresponding quorter in the previous yeor.

"The revivol of operotionol performonce

is

underwoy of

REVL

ond the Ql result reflects it. Our efforts ore

focused on reducing scrop on new products ond debottlenecking to deliver on the orders. The positives
from this guorter's performonce include soles growth, moteriol cosl reduction ond stringent fixed cost
reduction. These initiotives will continue in fhe upcoming quorters to improve operotionol efficiency ond
deliver profitoble growth. REVL continued to cement its morket leoding position with customers securing
new orders." soid

L.

Gonesh, Choirmon, Rone Group

>rt

r4FM
E4rondlng H<rizons

The summory of finonciolperformonce is given below:-

Ql 201-17

Ql 2015-l

92.31

8.81

Other lncome

o.21

0.87

EBITDA

6.42

3.82

(3.e7)

(6.29',)

(Rs. Crores)

Soles

ond Operoting Revenues

Operoting

PBT

(before exceptionol items)

Exceptionol [(Expenses)/ lncome] llems *

27.54

Profit/(Loss) before Tox

(3.e7

2t.25

Profit/(Loss) ofter Tox

(2.se)

15.09

.):1.

ri
rl

* Ihe exceptionol item

.,

ENDS

is

Profif on sole of lond of Rs.27.54 Crores in fhe

Ql

2015-16 (quorter ended June 30,2015)

For furlher informolion, pleose

conlocl:

,,1

,it

.i

Ms. Povithro lokshmonon

Ms. V Usho

brond-comm

Corporote Communicotions, Rone Group

Tsl; +91 98409 96840

Tel: +91 44 4229 2443

E-Moil: v.usho@rone.co.in

Aboul Rone Engine Volve Lld.


Estoblished

in

1959, Rone Engine Volve Limited (REVL) is

port of the Rone Group of Componies, o


monufoctures engine volves, volve guides

leoding outo component group bosed out of Chennoi.

REVL

ond toppets for vqrious lC engine opplicotions.

morkel leoder in lndion OEM ond replocement

REVL is

morkets. REVL coters to oll segments of ouiomobile industries such os possenger vehicle, commerciol
vehicle, Troctor, 2 wheelers ond 3 wheelers, stotionory engines, roilwoys ond morine engines.
About Rone Group
Heodquortered in Chennoi, lndio, Rone Group

is

engoged primorily in monufocturing outo components

for well over five decodes. Rone Group s o preferred supplier to mojor OEMs in lndio ond obrood.
Through its group componies, it monufoctures Steering ond Suspension systems, Friclion moteriols, Volve
troin components, Occupont sofety systems, Die-costing products ond Aerospoce-grode Wiring
hornesses. lts products seryes

o voriety of

indusTry segmenls including Possenger Vehicles, Commerciol

Vehicles, Form Troctors, Two-wheelers. Three-wheelers, Roilwoys ond Stotionory Engines.

l#U

r,rlrt't