Rane Engine Valve reports Q2 net income of USD9.3 million on one-time gain
Total sales up 3.5% y/y on higher demand from Indian and international automakers
Indian supplier Rane Engine Valve reported net profit of INR619.3 million (USD9.3 million) for the second quarter ended 30 September 2016, against net loss of INR12.5 million (USD0.2 million) in the same period a year earlier, the company said in a filing to the Bombay Stock Exchange (BSE) last week.
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