RVNL Q3 Results: Low-single-digit revenue growth from last year, margins narrow further

Rail Vikas Nigam reported results for the December quarter after market closing hours on Thursday, February 5, which were subdued when compared to figures from the same quarter last year.Revenue for the period increased by 2.6% from last year to ₹4,684 crore from ₹4,567 crore earlier.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the period narrowed by 8% from the year-ago period to ₹220.8 crore from ₹239.4 crore last year.
EBITDA margin for the period narrowed by 50 basis points year-on-year to 4.7% from 5.2% earlier.RVNL’s board has also approved an interim dividend of ₹1 per share. Record date for this dividend has been fixed as February 11.

The government continues to hold a 72.84% stake in RVNL at the end of the December quarter. The company has over 21.8 lakh retail shareholders, or those who have an authorized share capital of up to ₹2 lakh, who have a 13.85% stake in the company.

Shares of Rail Vikas Nigam ended 1.4% lower on Thursday at ₹316.7. The stock is down over 50% from its record high of ₹647, which it had surged to in August 2024.