Rane Engine’s Q2 loss down

Rane Engine Valves Ltd has registered sales and operating income of Rs.68.92 crore for the second quarter ended September 2014 against Rs.65.98 registered for the corresponding period last year.

In a filing to the BSE, the company said sales to the domestic OEM and aftermarket grew by 26 per cent and four per cent respectively, while export sales dipped by 27 per cent.

REVL posted net loss of Rs.28 lakh against Rs.49 lakh in the year-ago period.

Kar Mobiles Q2 net up

Kar Mobiles Ltd has posted sales and operating income of Rs.33.21 crore for the period ending September 2014 against Rs.30.35 crore registered for the year-ago period.

The company posted a net profit of Rs.31 lakh against a loss of Rs.66 lakh in the corresponding period last year.

KML, which is to be merged with REVL, posted increased sales in the domestic OEM, aftermarket, Railways and defence and export over the corresponding period last year.

Merger approved

During the quarter, REVL received approvals from the BSE and NSE for merger of KML with itself.