RVNL Q1 Results: Profit Down 35%, Misses Estimates
The company's consolidated net profit narrowed 34.7% year-on-year to Rs 223.9 crore in the quarter-ended June, as compared with Rs 343.1 crore over the same period last year.
Rail Vikas Nigam Ltd.'s net profit decreased in the first quarter of fiscal 2025, missing analysts' estimates.
The company's consolidated net profit narrowed 34.7% year-on-year to Rs 223.9 crore in the quarter-ended June, as compared with Rs 343.1 crore over the same period last year. Analysts polled by Bloomberg had estimated a profit of Rs 394 crore.
Revenue from operations declined 26.9% to Rs 4,073.8 crore in the April-June period, as against Rs 5,571.6 crore last fiscal, surpassing/missing analysts' estimates of Rs 5,850 crore.
Rail Vikas Nigam Q1 FY25 Highlights (Consolidated, YoY)
Revenue fell 26.9% to Rs 4,073.8 crore (Bloomberg estimate: Rs 5,850 crore).
Ebitda decreased 48.0% to Rs 181.5 crore (Bloomberg estimate: Rs 362 crore).
Ebitda margin narrowed to 4.45% versus 6.26% (Bloomberg estimate: 6.2%).
Net profit down 34.7% to Rs 223.9 crore (Bloomberg estimate: Rs 394 crore).
Rail Vikas Nigam Ltd. declined 6.04% to Rs 531.65, the lowest level since July 8. It was pared losses to trade 3.58% lower at Rs 545.20 as of 2:32 p.m., as compared to 0.56% decline in the NSE Nifty 50.
The scrip gained 341.16% in 12 months, and 199.97% on year to date basis. Total traded volume so far in the day stood at 0.4 times its 30-day average. The relative strength index was at 48.69.
Three analysts tracking the company, recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 35.6%.
