Reliance Defence and Engineering Ltd (RDEL) formerly Pipavav Defence and Offshore Engineering Company Ltd (PDOECL) has registered its standalone net loss at Rs 134.5 crore for the April-June quarter ended June 30, 2016.
“The standalone net loss of the company stood at Rs 167.27 crore during the same period a year ago,” Reliance Defence and Engineering Ltd said in a filing to the Bombay Stock Exchange.
However, the standalone total income of the shipbuilding company fell by 34.2 per cent to Rs 74.18 crore during Q1 2016-17, as compared to Rs 112.76 crore during the same period last year. During the quarter under review, it’s total expenses declined to Rs 118.75 crore, against Rs 170.48 crore during the April-June quarter of FY 16.
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