RVNL Q1 Results, net profit fell by 34%
The company’s revenue for the quarter stood at Rs 4,074 crore, which is a decline of 27% from the Rs 5,571.6 crore it reported during the previous year's quarter.
The Shares of Rail Vikas Nigam Ltd. fell over 5% after the company announced its June quarter results reporting the net profit lowered by 34% from last year to Rs 224 crore.
The company’s revenue for the quarter stood at Rs 4,074 crore, which is a decline of 27% from the Rs 5,571.6 crore it reported during the previous year's quarter.
Meanwhile, the company's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) nearly halved from last year, declining by 48% to ?182 crore, while the EBITDA margin narrowed by 180 basis points to 4.5% from 6.3% last year.
Read Also : CONCOR signs MoU with Gati Shakti Vishwavidyalaya, VadodaraThe current trading price for shares of RVNL is 5% lower at Rs 538.85. The stock has seen a 367% increase in the past 12 months and has tripled in value this year.
It reached a record high of Rs 647 on July 15 before correcting to the recent low of Rs 542. However, despite this correction, the stock is still up nearly 220% so far in 2024.
Read Also : Rajasthan Tourism: Expanding Horizons Under The Leadership of Deputy CM Diya KumariNews Must Read
- CONCOR signs MoU with Gati Shakti Vishwavidyalaya, Vadodara
- Delhi Metro Rail completes 22 years of operations
- ONGC Executive Director, Sanjay Bhatt superannuates
- Oil India plans to Launch Subsidiary for Green Energy Ventures
- NTPC signs tripartite MoU to build green hydrogen infrastructure in Odisha
- BEL contributes Rs. 1.89 Cr to Kerala Flood Relief
- Defense Stock, Bharat Electronics shares surges over 1.12% amid securing project worth Rs 973 crore
- IREDA Sanctions Over Rs. 3,000 Crore; CMD Commits Support for State 10 GW RE Target
- Defence Ministry awards major order to L&T
- Sensex opens with over 800 points, Nifty trading up 1.15% with positive market trend