Sensex, Nifty see marginal gai...
by
Tanushree Jaiswal
7th Jun 2024
RVNL Share Q4 Results - Final Dividend
Nikita Bhoota
Last Updated: 8th August 2022 - 06:41 pm
Rail Vikas Nigam Ltd or RVNL reported 32.16% higher consolidated revenues for the Mar-21 quarter at Rs5,577.92cr. On a sequential basis, net sales revenues were up 49.44% compared to total revenues in the Dec-20 quarter at Rs3,732.44cr.
Full-year revenues for FY21 were 6% higher at Rs15,404cr. The company operates in the rail infrastructure business and it saw its net cash from operations turning around from negative to Rs657cr in the FY21 fiscal year. Rail investments have started right earnest in the current quarter.
Net profits for the Mar-21 quarter were up 26.40% at Rs.312.63cr. This growth in profits was largely driven by growth in the top line of the company. The company has also implemented cost controls which his evident from the sharp fall in other expenses.
Net margins in the Mar-21 quarter stood at 5.60%, which was slightly lower than 5.86% in the corresponding Mar-20 quarter and sharply lower than 7.53% in the sequential Dec-20 quarter.
The company has also declared a final dividend of Rs.0.44 per share, subject to approval.
RVNL recently had came up with it's OFS on March 24th
Rail Vikas Nigam Limited (RVNL) is a special purpose vehicle (SPV) engaged in undertaking development projects. The Company is focused on mobilizing financial resources and implement projects pertaining to the reinforcement of the Golden Quadrilateral. The Company is a non-budgetary initiative for creating and improving rail communication links to ports by the construction of bridges and development of multi-modal transport corridors.
Disclaimer: The above report is compiled from information available on the public platforms. These are not buy or sell recommendations.
Source: This content is originally posted on indiainfoline.com
Characters remaining
(1500)
View All
Get 100 trades FREE* with the code "FREEPACK"
Trending on 5paisa
01
Tanushree Jaiswal
02
Tanushree Jaiswal
03
Tanushree Jaiswal
Discover more of what matters to you.
Corporate Actions Related Articles
RITES bags LoA from Tata Steel...
by
Tanushree Jaiswal
7th Jun 2024
Technical glitch on election v...
by
Tanushree Jaiswal
7th Jun 2024
TBI Corn IPO Listing Day Perfo...
by
Tanushree Jaiswal
7th Jun 2024
Amara Raja Shares Reach All-Ti...
by
Tanushree Jaiswal
6th Jun 2024
Open Free Demat Account
Want to Use 5paisa
Trading App?
