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RVNL announces Q4 results, beats estimates, profits up 33.2%

24 May 20243 mins read by Angel One
RVNL's Q4FY24 results are out, reporting an uptick in revenue; 17.2% to Rs.6,714 crore, net profit up 33.2% to Rs.478 crore, and EBITDA margin expands to 6.8%.
RVNL announces Q4 results, beats estimates, profits up 33.2%
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Rail Vikas Nigam Limited (RVNL) has announced its Q4FY24 results today. According to the consolidated financial statements, RVNL and its subsidiaries reported a significant increase in revenue and profitability, reflecting strong operational efficiency and effective management.

Financial Performance

The revenue increased by 17.2% to Rs.6,714 crore from Rs.5,720 crore. EBITDA rose 21.6% to Rs.456 crore from Rs.374 crore, with the EBITDA margin expanding to 6.8% from 6.5%. Net profit grew 33.2% to Rs.478 crore from Rs.359 crore.

Parameters Q4FY24 Q4FY23 Change 
Revenue Rs 6,714 crore Rs 5,720 crore 17.2%
Net Profit Rs 478 crore Rs 359 crore 33.2%
EBITDA Rs 456 crore Rs 374 crore 21.6%
EBITDA Margin 6.8% 6.5% 30 bps

Auditor’s Report and Internal Controls

The independent auditor’s report by V.K. Dhingra & Co. highlighted that RVNL’s financial statements present a true and fair view of its financial position, further confirming the compliance with Indian Accounting Standards because of the company’s strong internal control systems. No significant deficiencies in internal control were reported, affirming the company’s strong governance framework.

Contribution from Joint Ventures 

RVNL’s 13  joint ventures and associate companies also contributed positively to the financial results. The share of profit from these entities added approximately Rs.105 crores to the overall profit. Rail Vikas Nigam Ltd.’s Q4 net profit exceeded analysts’ estimates, prompting the board to propose a final dividend of Rs.2.11 per share. RVNL’s stock surged by 3.8% today.

Conclusion: RVNL’s performance in Q4FY24 reflects its strategic growth and operational excellence. The increase in revenue, effective cost management, and strong profit growth underline the company’s commitment to achieving its financial objectives while maintaining high standards of governance and transparency. The positive outlook from both the financial results and the auditor’s report sets a strong foundation for future growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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