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10-Aug-2024

Rail Vikas Nigam

Net down 35% on weak operating show


'Consolidated net sales (including other operating income) of Rail Vikas Nigam for the quarter ended Jun 2024 has declined 26.88% to Rs 4073.8 crore.  Operating profit margin has declined from 6.27% to 4.46%, leading to 48% decline in operating profit to Rs 181.53 crore.  Employee cost increased from 0.84% to 1.15%.   Other expenses rose from 92.90% to 94.39%.   Other direct service cost rose from 92.19% to 93.14%.   

Other income fell 6.63% to Rs 262.95 crore.  PBIDT fell 29.53% to Rs 444.48 crore.  Provision for interest fell 5.96% to Rs 137.34 crore.  

PBDT fell 36.63% to Rs 307.14 crore.  Provision for depreciation rose 25.27% to Rs 6.89 crore.  

Profit before tax down 37.34% to Rs 300.25 crore.  Share of profit/loss was 82.20% lower at Rs 1.36 crore.  Provision for tax was expense of Rs 77.69 crore, compared to Rs 143.71 crore.  Effective ...



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