Rail Vikas Nigam Ltd (RVNL) witnessed a significant drop in its share price today, trading at ₹463.30, down 6.10%. The stock, which closed at ₹493.40 the previous day, saw a day range of ₹458.85 to ₹498.00. The company has delivered strong returns in the last five years with a 2045.22% increase, but recently experienced a one-week drop of 5.45% and a one-month decline of 16.75%.
The company reported a net profit decline of 33.7% YoY to ₹2,226 million for Q1 FY25, compared to ₹3,355 million a year ago. Additionally, net sales saw a 26.9% decrease, reaching ₹40,738 million as against ₹55,716 million in the same quarter last year.
RVNL’s financial performance for the year ending March 2024 showed a 17.3% increase in net profit to ₹15,745 million, while the revenue grew 7.9% to ₹218,892 million compared to the previous year.
In the context of the BSE Capital Goods Index, RVNL has faced competition from gainers like Hindustan Aeronautics Limited (HAL), Siemens, and BHEL over the past year. The broader BSE Sensex has recorded a 25.1% rise over the last 12 months, indicating mixed results for RVNL amid the sector’s performance.”
