Rail Vikas Nigam Shares: Shares of Rail Vikas Nigam crashed, investors shocked by huge fall of 5 percent, know how much profit has reduced…

Rail Vikas Nigam Shares: The stock market is under pressure on the last day of the trading week i.e. Friday, due to which the shares of many companies have fallen. However, there could be several factors behind the decline.

Meanwhile, shares of government-owned Rail Vikas Nigam Limited (RNVL) have fallen by more than 5 percent. This fall in the shares of RNVL has come after the company presented the results of the second quarter of the financial year.

5 percent decline

On Friday, shares of Rail Vikas Nigam Limited slipped 5.36 per cent to Rs 452.25 from its previous closing price of Rs 477.85. This decline comes after the company reported a big decline in profit and a slight decline in revenue for the quarter ended September 30.

The company's market cap now stands at ₹94,970 crore and its P/E ratio is 65.30. However, the company's shares have increased by 162% so far in the year 2024 and by 840% in the last two years, which indicates good growth.

Rail Vikas Nigam Shares: Decline in company's profits in September quarter

RNVL said in its quarterly results that the company's net profit declined by 27% on a quarterly basis to Rs 286.9 crore, compared to Rs 394.3 crore in the same quarter last year.

The reason for this decline was the decline in operating margin. The company's revenue from operations also declined by 1.2% year-on-year (YoY) to Rs 4,855 crore, compared to Rs 4,914.3 crore in the same period last year.

Additionally, EBITDA declined 9% to ₹271.5 crore, while margins contracted to 6% from 5.6%, reflecting operating pressures.