Godavari Biorefineries Q2 Results: Net Loss Increases to ₹75 Crore in Q2
Rail Vikas Nigam Q2 Results: Net Profit Drops 27% to ₹287 Crore, Falling Short of Estimates
Last Updated: 7th November 2024 - 04:52 pm
RVNL reported a consolidated net profit of ₹286.89 crore for the September quarter, marking a 27.12% decline year-on-year. Revenue also saw a slight decrease, dropping 1.2% to ₹4,854.95 crore. These figures fell short of market expectations for the railway company.
Rail Vikas Nigam Q2 Results Highlights
- Revenue: Decline of 1.2%, reaching ₹4,854.95 crore.
- Net Profit: ₹286.89 crore marking a 27.12% decline Y-o-Y.
- EBITDA: Declined 9% Y-o-Y to ₹271.47 crore. Margins too fell 40 bps Y-o-Y to 5.6%.
- Market Reaction: Shares closed 1.38% up to ₹476.15 on Thursday
Stock Market Reaction on Quarter Results
RVNL shares closed 1.38% up to ₹476.15 on Thursday. RVNL’s shares had a strong run in recent days due to the order wins, climbing 161% in the year so far.
About Rail Vikas Nigam Ltd
Rail Vikas Nigam Limited (RVNL) is an Indian company focused on developing rail infrastructure projects. It primarily undertakes rail infrastructure assignments from the Ministry of Railways (MoR), encompassing projects like track doubling (including third and fourth lines), gauge conversions, new line constructions, railway electrification, and the construction of major bridges, workshops, and production facilities. RVNL manages the complete project lifecycle—from initial planning through to commissioning—on a turnkey basis, handling all aspects such as design, cost estimation, contract bidding, and project management. Its client base includes Indian Railways, central and state government agencies, and public sector organizations. Additionally, RVNL has a subsidiary, HSRC Infra Services Limited.
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