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

• 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.

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.

• 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

• 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

• 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

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