RVNL Shares
In the three months that ended March 31, the company’s net profit decreased 5% from the prior year to Rs 359.2 crore.
On Monday, shares of Rail Vikas Nigam Ltd. tumbled as the company’s profit dropped in the final three months of its fiscal 2023. According to a statement with the exchange, the company’s net profit for the quarter ending in March decreased 5% from the prior year to Rs 359.2 crore. A final dividend of Rs 0.36 per share was advised by the board.
Q4 FY23 (Consolidated, Year-over-Year) for Rail Vikas Nigam Ltd. Rs. 5,719.8 crore in revenue, an 11.1% decrease. 8.3% less Ebitda at Rs 374.4 crore. Ebitda margin increased from 6.3% to 6.5%. A 5% decrease in net profit of Rs 359.2 crore.
Most Over A Week, RVNL Shares Have Dropped (Monday Close: Rs. 506.95)
Rail Vikas Nigam Ltd. shares decreased 3.7% to Rs 117.1 per share as of Tuesday at 10:36 a.m., while the Nifty 50 index rose 0.18%. ‘Buy’ is the recommendation from the two analysts following the firm, according to Bloomberg data.
