Reliance Naval and Engineering widens Q1 loss to Rs 371 cr from Rs 361 cr

Representative image

Reliance Naval and Engineering Ltd on Saturday reported widening of its consolidated loss to Rs 370.95 crore for the quarter ended June.

The company had posted a consolidated loss of Rs 361.31 crore in the year-ago period, Reliance Naval and Engineering Ltd said in a filing to BSE.

Consolidated income declined to Rs 26.85 crore in the quarter under review, from Rs 37.31 crore in the year-ago period.

The company is engaged in the business of ship-building and repairs.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel