Reliance Naval & Engineering Ltd Q3FY18
Standalone Results Q3FY18: (Rs. in crore)
|EBITDA Margin (%)||18.6||1,529|
|Net Loss (adjusted)||166.31||[25.3]|
- Cost Estimated for Revenue Recognized, which is the provision for the proportionate cost to be incurred on proportionate completion of vessels other than commercial vessels.
- Based on completion of non-commercial vessels, the company has adjusted the earlier provisions in the current quarter resulting to a reversal of earlier provision for Rs32cr in Q3FY18 v/s cost of Rs41cr in Q3FY17.
- EBITDA margin expansion was also on account of 681bps yoy decline in other expenses.
- Interest expense was up 28.1% yoy and lower other income (Rs1cr v/s Rs10cr in Q3FY17) resulted in the widening of losses.
Reliance Naval & Engineering Ltd is currently trading at Rs47.2, down by 2.05 points or 4.16% from its previous closing of Rs49.2 on the BSE. The scrip opened at Rs47.9 and has touched a high and low of Rs48.4 and Rs47.05 respectively. So far 10,82,149 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.