Q4FY17 Results : Reliance Defence & Engineering
DSIJ Intelligence / 12 Apr 2017
Reliance Defence and engineering Ltd. reported its results for the quarter ended March 31, 2017 after market hours on Tuesday. Total sales for this quarter came in at Rs. 227.89 crore.The company‘s net loss widened to Rs. 140 crore as against net loss of Rs.132 crore in previous quarter.
Reliance Defence and engineering Ltd. reported its results for the quarter ended March 31, 2017 after market hours on Tuesday. Total sales for this quarter came in at Rs. 227.89 crore. This represents 86.2 per cent sequential increase and 140.5 per cent YoY increase.
Operating loss (EBIT) for the quarter came in at Rs.44.2 core vs EBIT loss of Rs. 46.1 crore in previous quarter ending December 2016.
In terms of the bottom-line, the company‘s net loss widened to Rs. 140 crore as against net loss of Rs.132 crore in previous quarter.
In today’s trade, the stock opened at Rs. 67 on the BSE, has declined by 3.07 per cent and is currently trading at Rs.66.25.
Reliance Defence and engineering Ltd is an Indian private sector company in the maritime industry. The Company is engaged in activities in the business sectors: Commercial shipbuilding, Offshore fabrication and servicing, Naval War-Ship Building and Ship repair
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