Rail Vikas Nigam, a railway infrastructure firm, is prone to be on traders’ radar on Friday, November 07, after securing one other railway order. In a regulatory submitting post-market hours right this moment, the corporate mentioned it had emerged because the Lowest Bidder (L1) for a undertaking from Central Railway.
The undertaking includes the design, provide, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2 x 25 KV traction system (Scott Related Transformer) for the Daund–Solapur sections of Central Railway, aimed toward assembly a 3,000 MT loading goal on an EPC mode, as per the corporate’s regulatory submitting.
The order is valued at ₹272 crore (together with taxes), with completion scheduled inside 24 months.
This marks the corporate’s fourth order in lower than two months. In October, Rail Vikas Nigam obtained three orders, together with a significant infrastructure undertaking price ₹165.5 crore awarded by the North Jap Railway beneath its regular course of enterprise operations.
Rail Vikas Nigam share worth pattern
The corporate’s shares resumed their dropping streak in October after ending a three-month slide in September. In November to date, the inventory has prolonged its decline, dropping one other 3.35%. The shares have been on a one-way slide since hitting a contemporary all-time excessive of ₹647 apiece.
At present ranges, the shares are buying and selling 51% decrease than their file worth. When it comes to yearly efficiency, the inventory is down 25% to date. If this pattern continues towards the tip of the yr, it’ll mark the corporate’s first yearly decline since its 2019 itemizing.
For the quarter led to June (Q1FY26), the railway PSU reported a 4.1% drop in income to ₹3,908 crore, whereas web revenue fell 40% year-on-year to ₹134 crore from ₹224 crore.
Sequentially, the numbers additionally appeared weak, with income falling 35% from Q4FY25, profitability declining 71%, and margins contracting by over 500 foundation factors. EBITDA on a quarter-on-quarter foundation fell almost 90%.
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