RVNL’s Performance in the September Quarter
In the July-September 2024 quarter, Rail Vikas Nigam Limited (RVNL) reported a consolidated net profit of Rs 286.89 crore, which is a 27 percent decline compared to the same period last year when the profit stood at Rs 394.42 crore. Additionally, the company’s consolidated revenue from operations saw a slight dip of 1 percent, dropping from Rs 4,914.32 crore to Rs 4,854.95 crore. This performance indicates some challenges for RVNL in maintaining its profitability in the current market environment.
Stock Performance and Market Capitalization
Despite the profit decline, RVNL shares experienced a positive trend, closing at Rs 477.55 on November 7, marking an increase of over 1 percent. The company boasts a market capitalization of Rs 99,500 crore, and its stock has impressively risen by 200 percent over the past year. In the last two weeks alone, the stock price jumped by 8 percent, showcasing a strong recovery in investor confidence. Notably, RVNL’s stock has soared by an astonishing 1215 percent over the past three years, reflecting its status as a multibagger investment.
NCC’s Strong Q2 Results
On the other hand, NCC announced that its net profit for the September quarter doubled to Rs 175 crore. However, when looking at the first half of FY25, the company reported a decline in consolidated net profit to Rs 510.82 crore, down from Rs 737.51 crore a year ago. Similarly, consolidated revenue from operations fell from Rs 10,485.89 crore to Rs 8,928.75 crore. While NCC’s Q2 results are promising, the overall decrease in half-year figures suggests that both companies are navigating a challenging economic landscape. As always, investors should proceed with caution and seek expert advice before making investment decisions.
SHOTRS COVERAGE.
RVNL September Quarter Results
In the July-September 2024 quarter, Rail Vikas Nigam Limited (RVNL) reported a consolidated net profit of Rs 286.89 crore, down 27% from Rs 394.42 crore a year earlier. Revenue from operations fell 1% to Rs 4,854.95 crore. RVNL shares closed at Rs 477.55 on November 7, with a market cap of Rs 99,500 crore. The stock has surged 1215% over three years and 162.17% in 2024. The government retains a 72.84% stake in RVNL.
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