RVNL Q3 Results: Net profit falls 6.2% to Rs 358.6 cr, revenue down 6.4% at Rs 4,689.3 cr

In the last quarter, analysts had raised concerns over the company's falling topline. RVNL's shares had fallen over a percent in the morning trade on February 8

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26 Aug, 2025 12:21

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Rail Vikas Nigam (RVNL) on February 8 reported a 6.2 percent fall in its consolidated net profit for the quarter ended December 2023 (Q3FY24) to Rs 358.6 crore.

The company's revenue from operations also declined by 6.4 percent compared to the same period last year at Rs 4,689.3 crore. A 16.6 percent on-year rise in income from other operations at Rs 327.6 crore helped RVNL cushion the fall in its bottom line for the quarter ended December 2023.

Sequentially, the company's net profit fell 9.1 percent from Rs 394.4 crore during the quarter ending September 2023. The revenue from operations of the RVNL declined 4.6 percent quarter-on-quarter as it stood at Rs 4,914.32 crore during Q2FY24.

RVNL has seen its topline fall consecutively for three straight quarters in a row. The company's revenues have fallen from Rs 5,719.9 crore during Q4FY23.

In the last quarter, analysts had raised concerns over the company's falling topline. RVNL's shares had fallen over a percent in the morning trade on February 8.

In standalone terms, net profit fell 4.4 percent from Rs 341.02 crore during Q3FY23 to Rs 326 crore during the period under review. The revenue from operations in the standalone terms fell 6.7 percent to Rs 4,675.9 crore during the period under review.

Recently, the Ministry of Railways unveiled the conferment of Navratna status upon RVNL. This elevation in status will result in a heightened transfer of authority, increased operational latitude, and greater fiscal independence for RVNL. These transformative changes are poised to significantly catalyze the advancement of the company, especially as it endeavours to extend its influence beyond the domestic railway domain, venturing into international ventures.