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17-Nov-2023

Rail Vikas Nigam

Sits with strong order book


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Rail Vikas Nigam hosted a conference call on Nov 10, 2023. In the conference call the company was represented by Pradeep Gaur, CMD; Rajesh Prasad, Director (operational) and Sanjeeb Kumar, Director (Finance) & CFO.

Key takeaways of the call

Order book is Rs 70000 crore order book of which railway order book is about Rs 35000 crore.  The company had an ambitious target to achieve the order book of Rs 1,00,000 crores.

Expect marginal growth in topline (Rs 21000 crore plus) and a bottom-line growth of about 15% for FY24. 

The first two projects of Indore Metro which the company got in the month of September/October 2023, the margin is more than what it was getting from the nomination basis. Similarly, the  margin of the first overseas projects i.e. Maldives project is higher than the margin it used to get from nomination basis.   So, overall some projects where the margins would be less but t...



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