RVNL stock opens 5 % lower on February 9 after announcing a 6.2% YoY decline in net profit for the December quarter. At the time of writing, the stock is trading at ₹259.80 on the National Stock Exchange.
RVNL's quarterly profit dropped to ₹359 Crore, down 6.2% YoY, attributed to weak topline and operating performance. Revenue increased by 6.4% to ₹4,689.3 Crore for the same quarter.
EBITDA for the reporting period witnessed a decline of 9.6%, reaching ₹249.1 crore.
In January, RVNL secured the lowest bid for a ₹251 Crore Jabalpur power project, involving supply, installation, testing, and commissioning of 11 KV Line associated works.
The project includes tasks such as 11 KV Line Bifurcation, 11 KV Line Interconnection, 11 KV Line conductor Augmentation, LT AB cabling augmentation, and conversion of LT Bare conductor to AB cabling.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.