Rail Vikas Nigam Ltd announced its quarterly numbers for the July-September period on November 9, 2023. The Navratna CPSE reported a 3.4% rise in profit at ₹394.3 crore against ₹381.2 crore in the year-ago period. Sequentially, the company's net profit rose 15% from ₹343 crore.
The revenue for the period under review, however, climbed only marginally to ₹4,914.3 crore, as compared to ₹4,908.9 crore in the preceding year. The company's income from other operations jumped 33% year-on-year to ₹296 crore.
Earnings before interest, taxes, depreciation, and amortisation or EBITDA declined 5.6% for the period under review, to ₹298.3 crore, against ₹315.9 crore year-on-year.
Margin for the quarter came at 6.1%, down from 6.4% in the corresponding quarter in the previous year.
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