Rail Vikas Nigam Ltd.'s net profit increased in the fourth quarter of fiscal 2024, surpassing analysts' estimates.
The company's consolidated net profit jumped 33.2% year-on-year to Rs 478 crore in the quarter-ended March, as compared with Rs 359 crore over the same period last year. Analysts polled by Bloomberg had estimated a profit of Rs 400 crore.
Revenue from operations rose 17.2% to Rs 6,714 crore in the January-March period, as against Rs 5,720 crore last fiscal, surpassing analysts' estimates of Rs 6,323 crore.
Rail Vikas Nigam Q4 FY24 Highlights (Consolidated, YoY)
Revenue rose 17.2% to Rs 6,714 crore versus Rs 5,720 crore (Bloomberg estimate: Rs 6,323 crore).
Ebitda increased 21.6% to Rs 456 crore versus Rs 374 crore (Bloomberg estimate: Rs 402 crore).
Ebitda margin expanded to 6.8% versus 6.5% (Bloomberg estimate: 6.4%).
Net profit up 33.2% to Rs 478 crore versus Rs 359 crore (Bloomberg estimate: Rs 400 crore).
The board has recommended a final dividend of Rs 2.11 per share.
Shares of RVNL rose 3.8% during Friday's trading session, as compared with a 0.34% advance in the BSE Sensex.
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