Rail Vikas Nigam’s share price rallied 13.6% to an intra-day high of Rs 378.70 after the company received a contract of approximately Rs 550 crore. The stock was the top gainer in the Nifty Midcap 100.
The Letter of Acceptance was received from Rail Infrastructure Development Company (Karnataka). The contract is to construct nine stations. These are elevated (1 No.) and At-Grade (8 Nos.) BSRP Stations of Corridor-4A at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, Kaggadasapura. These include civil, structural, entry/exit structures, steel FOB, roof structures, PEB works architectural finishes, and E&M works. Along with detailed design & engineering with all associated works for the Bengaluru Suburban Rail Project.
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Recently, the company was awarded a contract by East Coast Railway worth Rs 404.40 crore for the Koraput-Singapur Road Doubling Project.
RVNL’s performance in Q3
On February 14, the company reported a 13.1% year-on-year increase in net profit at Rs 311.6 crore in Q3 FY25, compared to Rs 358.6 crore in Q3 FY24. Its revenue declined 2.6% YoY to Rs 4,567.4 crore in the third quarter of FY25 as against Rs 4,689.3 crore in the same period a year ago. EBITDA fell by 3.9% YoY to Rs 239.4 crore against Rs 249 crore posted in the corresponding quarter a year ago.
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It posted a drop of 27.24% YoY in its Q2 FY25 net profit standing at Rs 286.88 crore, compared to Rs 394.26 crore in Q2 FY24. Its revenue from operations fell 1.21% YoY to Rs 4,854.95 crore from Rs 4,914.32 crore in the same quarter last year.
RVNL Vs Nifty 50
The share price of RVNL has fallen 1.9% in the past five trading sessions. It has declined 15% in the last one month and 36% in the previous six months. However, the stock has given a return of over 38% in the previous one year.
To compare, the benchmark index, Nifty 50 has wiped out 0.4% of investors’ wealth in the last five trading days. It has declined by 1.8% in the last one month and 6.7% in the previous six months.
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