Shares of Rail Vikas Nigam Ltd. declined on Monday after its profit fell in the fourth quarter of fiscal 2023.
The company's net profit fell 5% year-on-year to Rs 359.2 crore for the quarter ended March, according to an exchange filing.
The board recommended a final dividend of Rs 0.36 per share.
Rail Vikas Nigam Ltd. Q4 FY23 (Consolidated, Year-on-Year)
Revenue down 11.1% at Rs 5,719.8 crore.
Ebitda down 8.3% at Rs 374.4 crore.
Ebitda margin at 6.5% versus 6.3%.
Net profit down 5% at Rs 359.2 crore.
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Shares of Rail Vikas Nigam Ltd. fell 3.7% to Rs 117.1 apiece, compared to a 0.18% rise in the Nifty 50 as of 10:36 a.m. on Tuesday.
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The two analysts tracking the company recommend a 'buy', according to Bloomberg data.
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