RVNL Q4 Results Highlights: Rail PSU's net profit rises 33% to ₹478.4 crore, dividend announced

4 min read | Updated on May 21, 2024, 10:19 IST

SUMMARY

RVNL Q4 Results: Rail Vikas Nigam Limited (RVNL) reported a consolidated net profit of ₹478.4 crore in the fourth quarter of financial year 2023-24 (Q4 FY24), up 33% from ₹358.5 crore in the year-ago period.

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RVNL Q4 results

RVNL Q4 Results: Highlights

Rail Vikas Nigam Limited (RVNL) reported a consolidated net profit of ₹478.4 crore in the fourth quarter of financial year 2023-24 (Q4 FY24), up 33% from ₹358.5 crore in the year-ago period.
Revenue from operations for the March 2024 quarter stood at ₹6,714 crore, compared to ₹5,719.8 crore in Q4 FY23, reflecting a 17.4% growth.
For FY24, the company's revenue grew 7.9% to ₹21,889.2 crore, while the net profit rose 17.3% to ₹1,574.4 crore.
RVNL's earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed 21.8% to ₹456.4 crore, while the EBITDA margin stood at 6.8%.
The rail PSU's board recommended a final dividend of ₹2.11 per share on the paid-up equity share capital for the financial year 2023-24, subject to the Shareholders' approval.

RVNL Q4 Results Live Update at 04:26 pm: Rail Vikas Nigam Limited to announce earnings shortly.

RVNL Q4 Results Live Update at 03:40 pm: Shares of the rail PSU closed 0.6% higher at ₹275.8 on the NSE.

RVNL Q4 Results Live Update at 02:40 pm: Shares of Rail Vikas Nigam Limited were trading 0.5% higher at ₹275 on the NSE.

RVNL Q4 Results Live Update at 01:48 pm: Does Rail Vikas Nigam Limited have any subsidiaries?

HSRC Infra Services Ltd (HSRC) is a wholly-owned subsidiary of RVNL formed by the Ministry of Railways, Government of India, to develop and implement high-speed rail projects.

RVNL Q4 Results Live Update at 12:44 pm: Active tenders

Doubling of Track between Vanchi Maniyachchi and Nagercoil– Permanent way works at Tirunelveli junction in connection with yard modification to suit doubling arrangements in Madurai division of Southern Railway, Tamil Nadu
Doubling of Track between Vanchi Maniyachchi and Nagercoil– Signal and telecommunication outdoor work at Nagercoil junction in connection with yard modification to suit doubling arrangements in Trivandrum division of Southern Railway
Doubling of Track between MDU and TN section– S & T outdoor work at Milavittan Junction (MVN) and Tuticorin station in connection with yard modification in Madurai Division of Southern Railway, Tamil Nadu
Miscellaneous works of repairs at station buildings, gate lodges and various level crossing on Bharuch-Dahej Section

RVNL Q4 Results Live Update at 11:41 am: Shares of Rail Vikas Nigam Limited were trading 0.4% higher at ₹275.1 on the NSE.

RVNL Q4 Results Live Update at 10:38 am: Management board

Pradeep Gaur- Chairman and Managing Director
Vinay Singh- Director (Projects)
Rajesh Prasad- Director (Operations)
Sanjeeb Kumar- Director (Finance) & CFO
Anupam Ban- Director (Personnel)
Dhananjaya Singh- (Part-Time Official) Director
MV Natesan- (Part-Time Non-Official) Director
Anupam Mallik- (Part-Time Non-Official) Director

RVNL Q4 Results Live Update at 9:55 am: Trading stats

Stock price: ₹265.7 (+0.6%)
Open: ₹275.8
High: ₹277.8
Low: ₹273.3
Previous close: ₹273.6
Total m-cap: ₹57,484 crore
Free float m-cap: ₹15,534 crore

RVNL Q4 Results Live Update at 9:22 am: Shares of the rail PSU were trading flat at ₹274, up 0.04%, on the NSE.

RVNL Q4 Results LIVE: Rail Vikas Nigam Limited (RVNL), a public sector undertaking (PSU), will release its financial results for the March quarter ended on March 31, 2024.

Incorporated in 2003, RVNL operates as the construction arm of the Ministry of Railways and is responsible for project implementation and transportation infrastructure development.

Also Read: RVNL closes 7% higher after bagging order worth ₹239 crore from Southern Railway

Other companies that will release Q4 results today include MOIL Limited, Mankind Pharma, Biocon, Indian Energy Exchange, LIC Housing Finance, Jindal Stainless, Dixon Technologies, Power Finance Corporation, Welspun Investments and Commercials, Granules India, Cantabil Retail India and Thomas Cook (India).

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