RVNL Q3 Results: Profit Down 13%, Misses Estimates
Rail Vikas Nigam Ltd.‘s net profit declined 13% year-on-year to Rs 311 crore in Q3 FY25, falling short of Bloomberg’s estimate of Rs 333.7 crore.
Rail Vikas Nigam Ltd.'s consolidated net profit fell in the third quarter of the current financial year, missing analysts' estimates.
The company's net profit was down 13% to Rs 311 crore in the quarter ended Dec. 31, 2024, as compared to Rs 359 crore in the same period last year. Analysts polled by Bloomberg had estimated a profit of Rs 358.6 crore.
Revenue from operations declined 2.6% to Rs 4,567 crore in the third quarter, as against Rs 4,689 crore in the year-ago period.
RVNL Q3 FY25 Earnings Highlights (Consolidated, YoY)
Revenue down 2.6% to Rs 4,567 crore versus Rs 4,689 crore (Estimate: Rs 4,853.4 crore).
Ebitda down 4% to Rs 239 crore versus Rs 249 crore (Estimate: Rs 254.6 crore).
Margin expands 5.2% versus 5.3% (Estimate: 5.2%).
Net profit down 13% to Rs 311 crore versus Rs 359 crore (Estimate: Rs 333.7 crore).
Shares of RVNL closed 5.11% lower at Rs 359.90 apiece on the NSE, compared to a 0.44% decline in the benchmark Nifty 50.
