State-owned Rail Vikas Nigam Ltd (RVNL) on Thursday reported a 6.2% year-on-year (YoY) decline in net profit at ₹358.6 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year,
Rail Vikas Nigam posted a net profit of ₹382.4 crore, the company said in a regulatory filing.
RVNL's revenue from operations dipped 6.4% to ₹4,689.3 crore as against ₹275.6 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA declined 9.6% to ₹249.1 crore in the third quarter of this fiscal over ₹275.6 crore in the corresponding period in the previous fiscal.
EBITDA margin stood at 5.3% in the reporting quarter as compared to 5.5% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The results came after the close of the market hours. Shares of
Rail Vikas Nigam Ltd ended at ₹281.70, up by ₹0.80, or 0.28% on the BSE.
