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10-Nov-2024

Rail Vikas Nigam

Net down 27% on weak operating show and higher loss from associates


'Consolidated net sales (including other operating income) of Rail Vikas Nigam for quarter ended Sep 2024 has declined 1.21% to Rs 4854.95 crore.  Operating profit margin has declined from 6.07% to 5.59%, leading to 8.99% decline in operating profit to Rs 271.47 crore.  Employee cost decreased from 0.94% to 0.93%.   Other expenses rose from 92.99% to 93.47%.   Other direct service cost rose from 92.44% to 92.68%.   Other income fell 5.03% to Rs 281.12 crore.  PBIDT fell 7.02% to Rs 552.59 crore.  Provision for interest rose 5.97% to Rs 140.61 crore.   PBDT fell 10.75% to Rs 411.98 crore.  Provision for depreciation rose 19.45% to Rs 7.43 crore.   Profit before tax down 11.17% to Rs 404.55 crore.  Provision for tax was expense of Rs 102.41 crore, compared to Rs 85.19 crore.  Effective tax rate was 26.31% compared to 17.76%. Minority interest decreased 87.50% to Rs 0.02...



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