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Business News/ Companies / Company Results/ RVNL Q1 results LIVE updates: Stock falls 5% after posting 35% decline in net profit to ₹224 crore

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RVNL Q1 results LIVE updates: Stock falls 5% after posting 35% decline in net profit to ₹224 crore

4 min read . Updated: 08 Aug 2024, 03:34 PM IST

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RVNL Q1 results LIVE updates: RVNL posted a 34.7 per cent decline in profit after tax (PAT) to ₹224 crore. EBITDA for the quarter stood at ₹182 crore, with an EBITDA margin of 4.5%.

RVNL Q1 result will be announced today. (Pixabay) — RVNL Q1 result will be announced today. **(Pixabay)**

RVNL Q1 results LIVE updates: The company's consolidated net profit dropped by 34.7% to ₹223.92 crore, compared to ₹343 crore in the same quarter the previous year. Revenue from operations was ₹4,073 crore, a 26% decrease from ₹5,571 crore in the corresponding quarter of the prior year. EBITDA for the quarter stood at ₹182 crore, with an EBITDA margin of 4.5%.

Stay tuned for RVNL Q1 results LIVE updates only at LiveMint.

08 Aug 2024, 03:34:07 PM IST

RVNL Q1 results live updates: Finance costs declines to ₹137 crore for the June quarter

RVNL Q1 results live updates: The company reported finance costs of ₹137 crore for the current quarter, compared to ₹146 crore in the same quarter last year.

08 Aug 2024, 03:24:27 PM IST

RVNL Q1 results live updates: EBITDA falls 48% YoY to ₹189 crore

RVNL Q1 results live updates: EBITDA for the first quarter dropped by 48% year-on-year to ₹189 crore, down from ₹349 crore in the same quarter last year. Additionally, margins decreased by 180 basis points year-on-year to 4.5%.

08 Aug 2024, 03:15:44 PM IST

RVNL Q1 results live updates: Stock falls 5% after railway PSU posts Q1 results

RVNL Q1 results live updates: RVNL stock declines over 5 per cent to ₹537.55 per share after it posted a 35 per cent decline in its net profit for the June quarter to ₹224 crore.

08 Aug 2024, 02:57:59 PM IST

RVNL Q1 results live updates: Total expenses also declined 25 per cent YoY

RVNL Q1 results live updates: Total expenses in the June quarter decreased by 25 per cent year-over-year to ₹4,036 crore, compared to ₹5,374 crore in the same quarter of the previous year.

08 Aug 2024, 02:47:38 PM IST

RVNL Q1 results live updates: Revenue from operations fell 27%

RVNL Q1 results live updates: Revenue from operations for the April-June period decreased by 27% to ₹4,074 crore, compared to ₹5,572 crore in the same period last year.

08 Aug 2024, 02:34:47 PM IST

RVNL Q1 results live updates: Net profit down 34.7 per cent to ₹224 crore

RVNL Q1 results live updates: Indian central public sector enterprise posted a 34.7 per cent decline in net profit to ₹224 crore for the June quarter.

08 Aug 2024, 02:01:57 PM IST

RVNL Q1 results live updates: Previous record high share price

RVNL Q1 results live updates: RVNL shares had hit a record high of ₹498.50 per share by 18% on July 5. This significant in price rise was due to RVNL's agreement with Delhi Metro Rail Corporation to participate in upcoming infrastructure projects both domestically and internationally.

RVNL will act as a project service provider for various sectors, including metro, railways, high-speed rail, highways, mega bridges, tunnels, institutional buildings, workshops, depots, S&T works, and railway electrification.

08 Aug 2024, 01:30:09 PM IST

RVNL Q1 results live updates: Previous quarter performance

RVNL Q1 results live updates: In the previous quarter, RVNL's net profit rose by 33 per cent to ₹478 crore from ₹359.25 crore in the same quarter previous year due to strong revenue growth and improved operating performance. The revenue from operations increased by 19 per cent to ₹6,714.01 crore

The PSU's earnings before interest, tax, depreciation, and amortisation (EBITDA) in Q4 FY24 rose by 21.8 per cent to ₹456.4 crore from ₹374.6 crore in the same quarter previous year.

RVNL's board recommended a final dividend of ₹2.11 per equity share or 21.10 per cent on the paid-up equity share capital for FY24, subject to the approval of the shareholders at the annual general meeting (AGM).

08 Aug 2024, 12:56:46 PM IST

RVNL Q1 results live updates: RVNL stocks surged over 400% last year

RVNL Q1 results live updates: Stocks of RVNL or Rail Vikas Nigam Ltd have surged over 400% in the last one year due to new projects as Mint reported on July15. It becomes the second railway stock, after IRFC, to cross the market cap of ₹1 lakh crore. RVNL received a letter of acceptance (LoA) from Central Railways for ₹138 crore. It received LoA from Maharashtra Metro Rail Corporation for construction of six elevated metro stations in Nagpur for ₹187.34 crore. RVNL signed MoUs with Tatweer Middle East and Africa LLC for using for using its expertise in Middle East, North Africa and European region. The company also emerged as the lowest bidder from the South Eastern Railway region for development of the Kharagpur Division costing around ₹203 crore.

08 Aug 2024, 12:39:55 PM IST

RVNL Q1 results live updates: RVNL share price range

RVNL Q1 results live updates: Along with the positive trend in RVNL share price, Mint previously quoted Sumeet Bagadia, Executive Director at Choice Broking saying, “RVNL share price is looking positive on the technical chart pattern. The railway stock has strong support at ₹530 but faces a hurdle at ₹600. On breaching above ₹600, RVNL share price may touch ₹630 in the near term. So, RVNL shareholders can be confident in holding RVNL shares for the near-term target of ₹630."

“Fresh investors can buy RVNL shares and maintain a buy-on-dips strategy until the stock is above ₹530. They are advised to maintain a stop loss at ₹530 and review their position once it touches the ₹630 per share mark," Bagadia said as an advice to fresh investors.

08 Aug 2024, 12:11:19 PM IST

RVNL Q1 results LIVE updates: RVNL shares drop due to global downtrend on August 5

On August 5, the Indian equity benchmark indices, BSE Sensex and Nifty50, tumbled in early trading due to global market trends. Indian Railway stocks, including RVNL, IRFC, Ircon International, IRCTC , and Jupiter Wagons, opened significantly lower. Rail Vikas Nigam declined by 4.68 per cent at ₹562.40.

The BSE Sensex fell below the 80,000 mark, while Nifty50 was near 24,300. By 9:45 AM, the BSE Sensex had dropped to 79,524.75, down 1,457 points or 1.80 per cent. Meanwhile, Nifty50 stood at 24,272.10, a decrease of 446 points or 1.80 per cent.

08 Aug 2024, 11:43:35 AM IST

RVNL Q1 results LIVE updates: RVNL share price dips before announcement of Q1 results

Shares of Rail Vikas Nigam Limited (RVNL) saw some selling pressure in early morning deals on Thursday as shares traded at ₹560 at 11:15 IST, a dip of 1.03% from the market opening price, ahead of the unaudited financial Q1 results today for 2024-25. According to stock market experts, the railway sector company is expected to declare strong Q1 results in 2024 on Thursday, as infrastructure sector companies are expected to deliver solid quarterly numbers. They also said there is enough liquidity in the market to meet the rising business volume.

Seema Srivastava, Research Analyst at SMC Global Securities, said, “I am expecting positive quarterly results from the RVNL as railway and infrastructure companies are expected to deliver strong quarterly numbers due to strong order book. They are expected to register sustained growth in their business as there is enough liquidity in the market to meet the rising order book of these companies. So, RVNL, being a flagship railway sector company, is expected to benefit from the GoI's focus on the infrastructure sector."

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