On Thursday, RVNL released its quarterly results for June. As soon as the statement was announced during afternoon trade, shares of the railway company fell.
Consolidated net profit for the company dropped 34% to ₹223.92 crore from ₹343 crore in the same period the previous year.
Operational revenue was ₹4,073 crore, which was 26% less than the ₹5,571 crore reported in the same quarter of the previous year. With an EBITDA margin of 4.5%, the quarter’s EBITDA was ₹182 crore.
Antique Broking predicted that RVNL’s revenue for the quarter will increase to ₹6,006 crore, or about 8% year over year. It was projected that the company would make about ₹408 crore in net profit.
The rail infrastructure major’s revenue is likely to be approximately ₹5,850 crore, and Bloomberg estimated its net profit to be ₹394 crore.
On Thursday afternoon, the share price of RVNL decreased by 4.57%, closing at ₹539.95.
