RVNL Q4 Results: Profit Up 33.2%, Beats Estimates
RVNL's Q4 consolidated net profit jumped 33.2% year-on-year to Rs 478 crore, as compared with Rs 359 crore over the same period last year.
Rail Vikas Nigam Ltd.'s net profit increased in the fourth quarter of fiscal 2024, surpassing analysts' estimates.
The company's consolidated net profit jumped 33.2% year-on-year to Rs 478 crore in the quarter-ended March, as compared with Rs 359 crore over the same period last year. Analysts polled by Bloomberg had estimated a profit of Rs 400 crore.
Revenue from operations rose 17.2% to Rs 6,714 crore in the January-March period, as against Rs 5,720 crore last fiscal, surpassing analysts' estimates of Rs 6,323 crore.
Rail Vikas Nigam Q4 FY24 Highlights (Consolidated, YoY)
Revenue rose 17.2% to Rs 6,714 crore versus Rs 5,720 crore (Bloomberg estimate: Rs 6,323 crore).
Ebitda increased 21.6% to Rs 456 crore versus Rs 374 crore (Bloomberg estimate: Rs 402 crore).
Ebitda margin expanded to 6.8% versus 6.5% (Bloomberg estimate: 6.4%).
Net profit up 33.2% to Rs 478 crore versus Rs 359 crore (Bloomberg estimate: Rs 400 crore).
The board has recommended a final dividend of Rs 2.11 per share.
Shares of RVNL rose 3.8% during Friday's trading session, as compared with a 0.34% advance in the BSE Sensex.
