Rail Vikas Nigam (RVNL) reported 13.14% decline in consolidated net profit to Rs 311.44 crore in Q3 FY25 as against Rs 358.57 crore posted in Q3 FY24.
Revenue from operations decreased 2.60% YoY to Rs 4,567.38 crore in the quarter ended 31 December 2024.
Profit before tax stood at Rs 412.90 crore in Q3 FY25, down 10.73% as against Rs 462.55 crore recorded in Q3 FY24.
The companys total expenses fell 2.27% to Rs 4,480.08 crore in Q3 FY25, compared to Rs 4,584.44 crore recorded in Q3 FY24.
On a nine-month basis, the company's net profit dropped 24.96% to Rs 822.41 on 11.06% decrease in revenue to Rs 13,496.14 crore in 9M FY25 over 9M FY24.
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Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc.
Shares of Rail Vikas Nigam (RVNL) tumbled 5% to settle at Rs 360 on Friday, 14 February 2025.
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