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.
Shares performance of RVNL |
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.
the company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reported a 48 per cent decrease | Representative Image
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.
