Rane Engine Valve Q4 net down 62%

Rane Engine Valve's net profit for the fourth quarter slid 62 per cent to Rs 1.75 crore, over the corresponding quarter last year. Total income was nearly flat at Rs 78 crore (Rs 77 crore). For the year ended March 31, 2012, total income grew six per cent to Rs 307 crore, while net profit grew 92 per cent to Rs 20.77 crore. Rane Engine Valve has recommended to shareholders a final dividend of Rs 3 an equity share on the paid-up equity capital of Rs 5,15,09,920 comprising over 51 lakh equity shares of Rs 10 each fully paid-up.