RVNL Surges: Q1 Profits Soar by 15%

14 Aug 2023 , 12:19 PM

Rail Vikas Nigam Limited (RVNL) releases Q1FY24 results, recording a 15% YoY increase in consolidated net profits to Rs 343 crore, compared to Rs 297.6 crore in the same period last fiscal. RVNL’s revenue from operations rises by 20% YoY, reaching Rs 4,640.7 crore in Q1FY24, up from Rs 3,871.5 crore in Q1FY23, as per data.

Sequentially, net profit drops by 4% to Rs 359.3 crore in the quarter ending March 2023, while revenue from operations declines 2% quarter-on-quarter to Rs 5,719.9 crore in Q4FY23. Standalone net profit surges by 17%, from Rs 283 crore in Q1FY23 to Rs 333.5 crore in the review period. Standalone revenue from operations also rises by 17% to Rs 5,446.2 crore.

Earning Per Share (EPS) climbs from Rs 1.43 in the same quarter last year to Rs 1.65 in the review period. In standalone terms, EPS grows from Rs 1.36 in Q1FY23 to Rs 1.60 in the quarter ending June 2023. RVNL’s strong financial performance underscores its continued contributions to rail infrastructure development.