Reliance Defence and Engineering reports net loss of Rs 116.29 crore in Q2FY17

11 Nov 2016 Evaluate

Reliance Defence and Engineering has reported results for second quarter ended September 30, 2016.  

The company has reported a net loss of Rs 116.29 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 170.49 crore for the same quarter in the previous year. However, the company’s total income has increased by 62.67% to Rs 106.68 crore for the quarter under review from Rs 65.58 crore for the corresponding quarter of the previous year. 

Reliance Defence and Engineering is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).

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