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Consolidated net sales (including other operating income) of Rail Vikas Nigam for the quarter ended Jun 2024 has declined 26.88% to Rs 4073.8 crore. Operating profit margin has declined from 6.27% to 4.46%, leading to 48% decline in operating profit to Rs 181.53 crore. Employee cost increased from 0.84% to 1.15%. Other expenses rose from 92.90% to 94.39%. Other direct service cost rose from 92.19% to 93.14%. Other income fell 6.63% to Rs 262.95 crore. PBIDT fell 29.53% to Rs 444.48 crore. Provision for interest fell 5.96% to Rs 137.34 crore. PBDT fell 36.63% to Rs 307.14 crore. Provision for depreciation rose 25.27% to Rs 6.89 crore. Profit before tax down 37.34% to Rs 300.25 crore. Share of profit/loss was 82.20% lower at Rs 1.36 crore. Provision for tax was expense of Rs 77.69 crore, compared to Rs 143.71 crore. Effective tax rate was 25.76% compared to 29.52%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 34.70% to Rs 223.92 crore.
Full year results analysis.
Net sales (including other operating income) of Rail Vikas Nigam has increased 7.93% to Rs 21889.23 crore. Operating profit margin has jumped from 6.15% to 6.18%, leading to 8.54% rise in operating profit to Rs 1,352.83 crore. Employee cost decreased from 0.94% to 0.86%. Other expenses rose from 92.91% to 92.96%. Other direct service cost fell from 92.30% to 92.20%. Other income rose 18.98% to Rs 1185.57 crore. PBIDT rose 13.18% to Rs 2538.4 crore. Provision for interest fell 2.22% to Rs 568.49 crore. Loan funds declined from Rs 6,441.34 crore as of 31 March 2023 to Rs 6,032.52 crore as of 31 March 2024. Inventories rose to Rs 64.72 crore as of 31 March 2024 from Rs 58.93 crore as of 31 March 2023. Sundry debtors were higher at Rs 1,077.38 crore as of 31 March 2024 compared to Rs 969.30 crore as of 31 March 2023. Cash and bank balance rose to Rs 3,112.64 crore as of 31 March 2024 from Rs 1,853.31 crore as of 31 March 2023. Investments rose to Rs 2,405.17 crore as of 31 March 2024 from Rs 1,903.76 crore as of 31 March 2023 . PBDT rose 18.56% to Rs 1969.91 crore. Provision for depreciation fell 6.18% to Rs 20.94 crore. Fixed assets increased to Rs 451.53 crore as of 31 March 2024 from Rs 341.29 crore as of 31 March 2023. Intangible assets declined from Rs 14.73 crore to Rs 8.86 crore. Profit before tax grew 18.90% to Rs 1,948.97 crore. Share of profit/loss was 30.99% higher at Rs 104.94 crore. Provision for tax was expense of Rs 479.44 crore, compared to Rs 377.53 crore. Effective tax rate was 23.34% compared to 21.96%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 17.33% to Rs 1,574.30 crore. Others Equity capital stood at Rs 2,085.02 crore as of 31 March 2024 to Rs 2,085.02 crore as of 31 March 2023. Per share face Value remained same at Rs 10.00. Promoters’ stake was 72.84% as of 30 June 2024 ,compared to 78.20% as of 30 June 2023 . Promoters’ stake was 72.84% as of 31 March 2024 ,compared to 78.20% as of 31 March 2023 . Cash flow from operating activities has turned positive Rs 2,954.43 crore for year ended March 2024 from negative Rs 4,063.97 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 340.43 crore, compared to Rs 61.19 crore during the year ended March 2023.
| Rail Vikas Nigam : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202406 | 202306 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 4,073.80 | 5,571.57 | -26.88 | 21,889.23 | 20,281.57 | 7.93 | | OPM (%) | 4.46 | 6.27 | -181 bps | 6.18 | 6.15 | 3 bps | | OP | 181.53 | 349.10 | -48.00 | 1,352.83 | 1,246.42 | 8.54 | | Other Inc. | 262.95 | 281.61 | -6.63 | 1,185.57 | 996.44 | 18.98 | | PBIDT | 444.48 | 630.71 | -29.53 | 2,538.40 | 2,242.86 | 13.18 | | Interest | 137.34 | 146.05 | -5.96 | 568.49 | 581.37 | -2.22 | | PBDT | 307.14 | 484.66 | -36.63 | 1,969.91 | 1,661.49 | 18.56 | | Depreciation | 6.89 | 5.5 | 25.27 | 20.94 | 22.32 | -6.18 | | PBT | 300.25 | 479.16 | -37.34 | 1948.97 | 1639.17 | 18.90 | | Share of Profit/(Loss) from Associates | 1.36 | 7.64 | -82.20 | 104.94 | 80.11 | 30.99 | | PBT before EO | 301.61 | 486.8 | -38.04 | 2053.91 | 1719.28 | 19.46 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 301.61 | 486.8 | -38.04 | 2053.91 | 1719.28 | 19.46 | | Taxation | 77.69 | 143.71 | -45.94 | 479.44 | 377.53 | 26.99 | | PAT | 223.92 | 343.09 | -34.73 | 1574.47 | 1341.75 | 17.34 | | Minority Interest (MI) | 0 | 0.19 | - | 0.17 | 0 | - | | Net profit | 223.92 | 342.9 | -34.70 | 1574.3 | 1341.75 | 17.33 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 223.92 | 342.9 | -34.70 | 1574.3 | 1341.75 | 17.33 | | EPS (Rs)* | 1.07 | 1.64 | -34.70 | 7.55 | 6.44 | 17.33 | | | * EPS is on current equity of Rs 2,085.02 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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