Rail Vikas Nigam Q4 2024 Results: Consolidated PAT up 33.17% while revenue up by 17% on a YOY basis

Tanushree Jaiswal Tanushree Jaiswal 17th May 2024 - 05:42 pm
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Synopsis:

Rail Vikas Nigam Limited announced its quarterly results for March 2024 on 17th May. It reported a consolidated PAT of ₹ 478.40 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 17.04% on a YOY basis reaching ₹ 6994.31 cr. The company also declared a ₹ 2.11 per share dividend.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was up by 17.04% on a YOY basis, reaching ₹ 6994.31 cr from ₹ 5975.88 cr in Q4 FY2023. The quarterly consolidated revenue was up by 39.41%. Rail Vikas Nigam reported a consolidated PAT of ₹ 478.40 cr for Q4 FY2024 against ₹ 359.25 cr in Q4 FY2023, which is an increase of 33.17%. On a quarterly basis, the consolidated PAT was up by 33.42%. The company’s PAT margin stood at 6.84%.

Rail Vikas Nigam (RVN) Limited

Revenue

Q4 FY24

 

Q3 FY24

 

Q4 FY23

6,994.31

 

5,016.97

 

5,975.88

 

 

 

 

 

% Change

 

 

39.41%

 

17.04%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT

Q4 FY24

 

Q3 FY24

 

Q4 FY23

624.96

 

462.55

 

496.00

 

 

 

 

 

% Change

 

 

35.11%

 

26.00%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT M BPS(%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

8.94

 

9.22

 

8.30

 

 

 

 

 

% Change

 

 

-3.09%

 

7.65%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT (₹ Cr)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

478.40

 

358.57

 

359.25

 

 

 

 

 

% Change

 

 

33.42%

 

33.17%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT M BPS (%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

6.84

 

7.15

 

6.01

 

 

 

 

 

% Change

 

 

-4.30%

 

13.78%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

EPS

Q4 FY24

 

Q3 FY24

 

Q4 FY23

2.29

 

1.72

 

1.72

 

 

 

 

 

% Change

 

 

33.14%

 

33.14%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 1,574.47 cr compared to ₹1,341.75 cr in FY 2023, up by 17.34%. For FY 2024, its consolidated total revenue stood at ₹ 23,074.80 cr compared to ₹ 21,278.01 cr in FY 2023, up by 8.44%.

Rail Vikas Nigam announced a dividend of ₹ 2.11 per share.

About Rail Vikas Nigam Limited

Rail Vikas Nigam Limited (RVNL) is a central public sector enterprise established in 2003 under the Ministry of Railways, India. Headquartered in New Delhi, RVNL operates with the primary aim of developing and augmenting railway infrastructure in the country. The company launched its initial public offering (IPO) in March 2019, offering a 12% stake.

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