Reliance Defence & Engineering Ltd: Q1FY18 Results
DSIJ Intelligence / 01 Aug 2017
Reliance Defence & Engineering Ltd reported its financial results for the quarter ended June 30, 2017.
Reliance Defence & Engineering Ltd reported its financial results for the quarter ended June 30, 2017.
The company’s standalone revenue declined 27.78% QoQ to Rs 164.8 crore for Q1FY2017-18.
Its EBITDA jumped by 148.7% to Rs 12.46 QoQ from Rs 5.01 crore as on March 31, 2017. The EBITDA margin too expanded by 540 bps from 2.2% to 7.6%.
The company's net loss for the quarter increased further by 64% QoQ to Rs 230.42 crore.
Reliance Defence & Engineering Ltd, formerly known as Pipavav Defence & Offshore Engineering Co. Ltd, is an Indian shipbuilding and heavy industry company with the largest engineering infrastructure in India.
The stock opened at Rs 62.4 and closed at Rs. 61.95, with an intra-day high of Rs. 62.75.
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