RVNL secures ₹91 crore Southern Railway order for video surveillance at 484 stations

State-owned Rail Vikas Nigam Ltd (RVNL) on Wednesday (August 13) said it has received a Letter of Acceptance (LOA) from Southern Railway for the provision of a Video Surveillance System (VSS) at 441 D and E category stations, along with augmentation at 43 stations in categories A1, A, B, and C.The contract, valued at ₹90,65 crore, will be executed over a period of 18 months. The work falls under the normal course of RVNL’s business operations and will be carried out under general contract conditions. The order has been awarded by a domestic entity, Southern Railway, and is aimed at enhancing surveillance infrastructure across the network.

First Quarter Results

The railway PSU reported a 4.1% decline in its revenue for the quarter to ₹3,908 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter saw a drop of 71% from the year-ago period to ₹52 crore.
Also Read: RVNL bags ₹143 crore order from South Central RailwayNet profit for the period declined by 40% from the same quarter last year to ₹134 crore from ₹224 crore last year. EBITDA margin for the quarter deteriorated by over 300 basis points, declining to only 1.4% from 4.5% earlier.

The numbers see further deterioration when compared on a sequential basis. Revenue is down 35% from the March quarter, profitability is down 71%, and margins have seen a decline of over 500 basis points. EBITDA on a quarter-on-quarter basis is down nearly 90%.

Shares of Rail Vikas Nigam Ltd ended at ₹326.25, down by ₹2.80, or 0.85%, on the BSE.

Also Read: RVNL Q4 Results: Full-year revenue guidance missed; margins remain flat