Tel
Registered Office:
'Maithri"
2Q!!
-2811 2472
URL : www.rane.co.in
July 25,2016
Gode: RANEENGINE
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
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.
|
|
I
12,
|
|
|
I
|
|
|
I
9,125.2(,
191.0{
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)
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
.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(
2,297.41
37,347.5!
(397.03
(31
1,880.5
9,052.3r
19.
2,753.93
34,244.2(
8,681.t:
18.
8,494.U
9,316.31
706.58
2,822.43
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(
31.03.2016
671.90
0.43
9,622.54
16. Earnings per shere (of Rs.10l each) (not annualised).( in Rs.)
,
(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 &
Extract of Standalone Unaudited Financial Results for the Quarter ended June 30, 2016
Financial
Year ended
31.03.20r6
2
3
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
22.46
(18.67)
22.46
(18.67)
(18.67)
22.46
22.46
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
Ghennai
Dated : July 25,216
w
o
Ghairman &
'w
BrahmayR8rco.
Phone
CHARTERED ACCOUNTANTS
Fax
e-mail mail@-brahmbyya.com,
48, Masilamani
Road,
Balaji Nagar, Royapettah,
Chennai - 600 014. India.
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
& 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
EBITDA
of
Crores in
Rs.
Ql
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
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
is
underwoy of
REVL
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.
>rt
r4FM
E4rondlng H<rizons
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
Operoting
PBT
27.54
(3.e7
2t.25
(2.se)
15.09
.):1.
ri
rl
.,
ENDS
is
Ql
conlocl:
,,1
,it
.i
Ms. V Usho
brond-comm
E-Moil: v.usho@rone.co.in
in
REVL
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
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
l#U
r,rlrt't