Reliance Defence & Engineering Q2FY18 standalone net loss widens to Rs.150.6 crore yoy

India Infoline Research Team | October 13, 2017 17:41 IST

Reliance Defence & Engineering Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 83.2 [15.6]
EBITDA 13.0 [33.2]
EBITDA Margin (%) 15.7 [413]
Net Profit (adjusted) [150.6] -
***EBITDA margin change is bps
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Reco. Price

56.45

Last updated on

06-Sep-2017


Reliance Defence reported its standalone result for Q2FY18.

Reliance Defence standalone revenue for the quarter came in at Rs. 83.2 crore, registering 15.6% yoy decline.

EBITDA for the quarter fell by 33.2% yoy to Rs. 13 crore with a corresponding margin contraction of 413 bps. EBITDA margin for the quarter stood at 15.7%. This margin contraction was primarily driven by 520% increase in raw material consumed.

The Net loss for the quarter came in at Rs.150.6 crore vs net loss of Rs. 116.3 crore in corresponding quarter last year. This was due to increase in finance cost by 26% yoy.

The company has announced a rights issue of upto Rs. 1500 crore.

Technical View:

Reliance Naval & Engineering Ltd is currently trading at Rs. 53, down by 0 points or 0% from its previous closing of Rs. 53 on the BSE.
The scrip opened at Rs. 53 and has touched a high and low of Rs. 53.65 and Rs. 52.50 respectively. So far 9,04,198(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

BSE 51.70 0.15 (0.29%)
NSE 51.70 0 (0%)

***Note: This is a NSE Chart

 

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