Rail Vikas Nigam Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Mid Cap

Rail Vikas Nigam announced that Dr. M.V.Natesan, Independent Director will cease to be a Director on the Board of RVNL w.e.f. 09 November 2024.

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However, revenue from operations decreased 1.20% YoY to Rs 4,854.95 crore in the quarter ended 30 September 2024.

Profit before tax stood at Rs 389.31 crore in Q2 FY25, down 18.82% as against Rs 479.61 crore recorded in Q2 FY24.

The company’s total expenses declined marginally to Rs 4,731.52 crore in Q2 FY25 as compared to Rs 4,754.94 crore recorded in Q2 FY24.

On half-year basis, the company's net profit dropped 30.73% to Rs 510.82 on 14.84% decrease in revenue to Rs 8,928.75 crore in H1 FY25 over H1 FY24.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

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Net profit of Rail Vikas Nigam declined 27.24% to Rs 286.88 crore in the quarter ended September 2024 as against Rs 394.26 crore during the previous quarter ended September 2023. Sales declined 1.21% to Rs 4854.95 crore in the quarter ended September 2024 as against Rs 4914.32 crore during the previous quarter ended September 2023.

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Rail Vikas Nigam has received Letter of Acceptance from East Central Railway for “Design, Supply, Erection, Testing and Commissioning of 2x25KV feeder line along the track with 25KV OHE modification works to meet 3000 MT loading target for UP & DN line of Garwa Road -Mahadiya Section of Dhanbad Division under E.C. Railway (Total 229/458 RKM/TKM) (Tender No: EL-Proj-DNR-ETEN-04-23-24).” The value of the project is Rs 180 crore.

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