RVNL Share Price, Rail Vikas Nigam Ltd Share Price: Rail Vikas Nigam Limited’s consolidated revenue increased 17.4% to Rs 6,714 crore during the January-March quarter.
Share Prices of Rail Vikas Nigam Ltd. and RVNL: Tuesday saw a 15% increase in Rail Vikas Nigam Ltd (RVNL) shares, one day after the Railway PSU secured an order from South-Eastern Railways for Rs 148,26,89,066.54. With a gain of Rs 5.09 from the previous closing of Rs 299.65 on the BSE, the counter started at Rs 304.74. However, it quickly increased by almost 15.37% to reach the day’s high of Rs 345.70, which also happens to be the stock’s 52-week high. With a market valuation of Rs 70,765.58 crore, the shares of RVNL have fallen as low as Rs 110.50 in the past 52 weeks.
RVNL Share Price History
Among the PSU equities that have returned more than a thousand percent in just three years is RVNL. In just two years, the scrip has grown over 967 percent, and in just one year, it has gained 192%. The shares of RVNL have already increased by almost 86% so far this year.
RVNL Q4 Results
Rail Vikas Nigam Limited’s consolidated revenue increased 17.4% to Rs 6,714 crore during the January-March quarter. The railway company’s EBITDA rose to Rs 456 crore, a 21.8% increase.
Its profit after tax (PAT) climbed by 33.2% to Rs 478.6 crore, while its margin increased by 6.8% to 6.7%.
On the face value of Rs 10, RVNL has announced a dividend of 21.10 percent, or Rs 2.11 per share.
RVNL Order
The company has informed exchanges that it had received an order from SER Headquarters-Electricity/South Eastern Railway.
The order comprises design, supply, fabrication, testing and commissioning MT for upgradation of electric traction system from 1×25 KV to 2×25 KV traction system for Kharagpur (Exclusive) – Bhadrak (Exclusive) section of Kharagpur Division of South Eastern Railway.
The order, worth over Rs 148 crore, is to be executed within 18 months.
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