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- RVNL Q1 Results 2024: Revenue Up 16.7% to ₹6,979.98 Crore, Net Profit Up 25.5%
RVNL Q1 Results 2024: Revenue Up 16.7% to ₹6,979.98 Crore, Net Profit Up 25.5%
RVNL Q1 Results 2024 show a 16.7% increase in total income to ₹6,979.98 crore and a 25.5% rise in net profit to ₹433.32 crore, highlighting robust financial growth.
by P Nandhini
Updated Aug 06, 2024
Table of Content
Rail Vikas Nigam Limited (RVNL) has released its financial results for the first quarter of 2024, showing a strong performance. For the period ending March 31, 2024, RVNL reported a total income of ₹6,979.98 crore, up from ₹5,982.49 crore in the same quarter last year.
This increase in income was driven by higher revenue from operations and other income sources. The company's expenses also rose, but the increase in income helped RVNL maintain a solid profit margin. In terms of profitability, RVNL saw a net profit of ₹433.32 crore for the quarter, compared to ₹345.28 crore in Q1 of the previous year.
This improvement reflects the company's efficient management of its operational costs and effective project execution. The results highlight RVNL’s continued growth and its strong position in the infrastructure sector, setting a positive tone for the rest of the financial year.
RVNL Q1 Results 2024
Rail Vikas Nigam Limited (RVNL) has announced its financial results for the first quarter of 2024. The company's performance showed notable growth in revenue and profitability. Below is a summary of the key financial figures:
| Financial Metric | Q1 2024 | Q1 2023 | Change (%) |
|---|---|---|---|
| Total Income | ₹6,979.98 crore | ₹5,982.49 crore | +16.7% |
| Operating Revenue | ₹6,547.52 crore | ₹5,412.78 crore | +21.0% |
| Other Income | ₹432.46 crore | ₹569.71 crore | -24.2% |
| Total Expenses | ₹6,500.00 crore | ₹5,467.82 crore | +18.9% |
| Net Profit | ₹433.32 crore | ₹345.28 crore | +25.5% |
| Earnings Before Tax (EBT) | ₹574.80 crore | ₹478.10 crore | +20.2% |
| Earnings Before Interest & Tax (EBIT) | ₹596.45 crore | ₹472.45 crore | +26.2% |
| Total Assets | ₹40,098.65 crore | ₹35,786.12 crore | +11.9% |
| Total Liabilities | ₹30,882.47 crore | ₹28,374.21 crore | +8.8% |
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Rail Vikas Nigam Limited (RVNL)
Rail Vikas Nigam Limited (RVNL) is an Indian public sector company that focuses on improving and developing railway infrastructure. Established in 2003, RVNL works on various projects such as building new railway lines, upgrading existing ones, and enhancing facilities like stations and bridges.
The company plays a key role in expanding and modernizing India's rail network to make train travel more efficient and comfortable. RVNL is involved in both construction and maintenance, aiming to support the growth of the Indian Railways and contribute to the country's economic development.