Shares of Rail Vikas Nigam Restricted (RVNL) have been buying and selling within the inexperienced and 1% larger on Wednesday, 10 September, after the corporate introduced that it had emerged because the lowest bidder (L1) for a big challenge given by West Central Railway.
The Rs 169.49 crore contract contains design, modification, provide, erection, testing, and commissioning of a 220/132kV/2×25 kV Scott-connected traction substation and switching posts with AT, in addition to SCADA integration between the BINA and RTA sections of the Bhopal division.
The challenge is scheduled to final 540 days and seeks to load 3,000 MT. It’s being awarded within the regular course of enterprise and doesn’t represent associated get together actions.
The railway PSU recorded a 4.1% lower in income to Rs 3,908 crore and a 71% lower in earnings earlier than curiosity, tax, depreciation, and amortisation (EBITDA) to Rs 52 crore in comparison with the identical time final yr.
The EBITDA margin fell by greater than 300 foundation factors within the quarter, to 1.4% from 4.5% beforehand. The web revenue for the interval decreased by 40% from the identical quarter final yr to Rs 134 crore from Rs 224 crore.
When the numbers have been in contrast sequentially, they deteriorated a lot additional. Income fell 35% from the March quarter, profitability plunged 71%, and margins fell by greater than 500 foundation factors.
At 1:15 pm, the shares of Rail Vikas Nigam have been buying and selling 0.03% larger at Rs 333.55 on NSE.
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