Reliance Defence and Engineering has reported results for first quarter ended June 30, 2016.
The company has reported a net loss of Rs 134.50 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 167.27 crore for the same quarter in the previous year. The company’s total income decreased by 34.21% to Rs 74.18 crore for the quarter under review from Rs 112.76 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).
