RVNL Shares Tumble 6% As Q1FY25 Net Profit Plummets 35%

The shares of Rail Vikas Nigam Limited on Thursday fell by nearly 6 per cent after the company reported a substantial 35 per cent decline in net profit for the first quarter of FY25.

The shares of the company recorded an 8 per cent decline in a single day of market turmoil earlier this week.

Although, the stocks rebounded slightly to trade at Rs 544.8, it remained down by 3.71 per cent at 14:25 pm IST. As of the afternoon session, the shares of the company slipped to Rs 531.45, a total decline of 6.07 per cent.

At 3:30 pm IST, the shares of the firm closed at Rs 539.50, down by 4.65 per cent.

The shares of the company hit a 52-week low of Rs 122.25 on August 18, 2023, and reached a record high of Rs 647 on July 15, 2024.

Financial Highlights

In Q1FY25, the company reported a net profit of Rs 223.92 crore, a decrease from Rs 343.09 crore in the same quarter the previous year.

When compared to the previous quarter's net profit, it stood at Rs 478.4 crore, even more pronounced.

Furthermore, the company reported a 26.9 per cent drop in revenue, which fell to Rs 4,073.8 crore for the June quarter, compared to Rs 5,571.57 crore a year ago.

This is a considerable drop from the Rs 6,714.01 crore reported in the March quarter.

In addition, the company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reported a 48 per cent decrease, coming in at Rs 182 crore, down from Rs 349 crore in the June 2023 quarter.