The company had reported the net loss of Rs 70.46 crore in the year-ago period.
The net income from operations of the company during October-December quarter of the 2015-16 declined to Rs 50.53 crore from Rs 252.02 crore in the year ago period, Pipavav Defence and Offshore Engineering said in a regulatory filing.
In March last year, the Anil Ambani group firm Reliance Infrastructure had announced plans to acquire a controlling stake in Pipavav Defence for up to Rs 2,082 crore.
had raised its stake to 35 per cent.
Shares of the company today closed 1.61 per cent down at Rs 79.65 apiece on BSE.
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