Shares of Rail Vikas Nigam Ltd (RVNL) fell 7% to ₹336.25 on February 17 after the company reported a decline in its Q3 FY25 net profit. The railway PSU posted a net profit of ₹311 crore for Q3 FY25, down 13% from ₹359 crore in Q3 FY24.
RVNL’s revenue from operations fell 3% YoY to ₹4,567 crore, compared to ₹4,689 crore in Q3 FY24. Meanwhile, total expenses rose 2% to ₹4,480 crore. The company’s earnings per share (EPS) for the quarter stood at ₹1.49.
RVNL also revealed that it had incurred expenditure on a project for Krishnapatnam Railway Company Limited (KRCL), a joint venture. However, KRCL has yet to pay ₹1,441 crore, including ₹927 crore in interest, as of December 31, 2024.
The stock initially dropped sharply but recovered some losses to ₹347 per share, still down 4% from the previous close. Over the past month, RVNL shares have fallen nearly 18%. The stock initially surged as investors expected a higher railway capex allocation in Budget 2025 but later dropped after no such increase was announced.
Rail Vikas Nigam Limited (RVNL) is a central public sector enterprise in India that serves as the construction arm of the Ministry of Railways, focusing on project execution and transport infrastructure development.
As of 11:09 AM IST on February 17, RVNL share price is trading at ₹343.70, down 4.50% (-₹16.20). The stock opened at ₹340.00, reached a high of ₹354.80, and a low of ₹332.55. RVNL has a market capitalisation of ₹72,510 crore, a P/E ratio of 53.21, and a dividend yield of 0.61%. The stock’s 52-week high is ₹647.00, while its 52-week low stands at ₹213.05.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 17, 2025, 11:13 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates