Capitaline

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Rail Vikas Nigam has declined 14.85% to Rs 8928.75 crore.

Operating profit margin has declined from 6.17% to 5.07%, leading to 30.03% decline in operating profit to Rs 453.00 crore. Employee cost increased from 0.88% to 1.03%. Other expenses rose from 92.94% to 93.89%. Other direct service cost rose from 92.31% to 92.89%.

Other income fell 5.81% to Rs 544.07 crore. PBIDT fell 18.61% to Rs 997.07 crore. Provision for interest fell 0.28% to Rs 277.95 crore. Loan funds declined from Rs 5,980.70 crore as of 30 September 2023 to Rs 5,441.92 crore as of 30 September 2024. Inventories declined from Rs 104.26 crore as of 30 September 2023 to Rs 64.78 crore as of 30 September 2024. Sundry debtors were higher at Rs 1,402.17 crore as of 30 September 2024 compared to Rs 1,136.87 crore as of 30 September 2023. Cash and bank balance declined from Rs 4,503.40 crore as of 30 September 2023 to Rs 4,399.90 crore as of 30 September 2024. Investments rose to Rs 2,442.91 crore as of 30 September 2024 from Rs 2,073.28 crore as of 30 September 2023 .

PBDT fell 24.01% to Rs 719.12 crore. Provision for depreciation rose 22.18% to Rs 14.32 crore. Fixed assets increased to Rs 436.64 crore as of 30 September 2024 from Rs 327.14 crore as of 30 September 2023. Intangible assets declined from Rs 11.80 crore to Rs 5.93 crore.

Profit before tax down 24.58% to Rs 704.80 crore. Provision for tax was expense of Rs 180.1 crore, compared to Rs 228.9 crore. Effective tax rate was 26.07% compared to 23.69%.

Minority interest decreased 94.29% to Rs 0.02 crore. Net profit attributable to owners of the company decreased 30.71% to Rs 510.80 crore.

Equity capital stood at Rs 2,085.02 crore as of 30 September 2024 to Rs 2,085.02 crore as of 30 September 2023. Per share face Value remained same at Rs 10.00.

Promoters’ stake was 72.84% as of 30 September 2024 ,compared to 72.84% as of 30 September 2023 .

Cash flow from operating activities decreased to Rs 1,755.86 crore for YTD ended September 2024 from Rs 3,655.60 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 3.67 crore, compared to Rs 164.59 crore during the YTD ended September 2023.

Quarter ended

Year to Date

Year ended

Particulars

202409

202309

Var.(%)

202409

202309

Var.(%)

202403

202303

Var.(%)

Net Sales (including other operating income)

4,854.95

4,914.32

-1.21

8,928.75

10,485.89

-14.85

21,889.23

20,281.57

7.93

OPM (%)

5.59

6.07

-48 bps

5.07

6.17

-110 bps

6.18

6.15

3 bps

271.47

298.29

-8.99

453.00

647.39

-30.03

1,352.83

1,246.42

8.54

Other Inc.

281.12

296.02

-5.03

544.07

577.63

-5.81

1,185.57

996.44

18.98

PBIDT

552.59

594.31

-7.02

997.07

1,225.02

-18.61

2,538.40

2,242.86

13.18

Interest

140.61

132.69

5.97

277.95

278.74

-0.28

568.49

581.37

-2.22

PBDT

411.98

461.62

-10.75

719.12

946.28

-24.01

1,969.91

1,661.49

18.56

Depreciation

7.43

6.22

19.45

14.32

11.72

22.18

20.94

22.32

-6.18

PBT

404.55

455.40

-11.17

704.8

934.56

-24.58

1948.97

1639.17

18.90

Share of Profit/(Loss) from Associates

-15.24

24.21

-13.88

31.85

104.94

80.11

30.99

PBT before EO

389.31

479.61

-18.83

690.92

966.41

-28.51

2053.91

1719.28

19.46

EO Income

PBT after EO

389.31

479.61

-18.83

690.92

966.41

-28.51

2053.91

1719.28

19.46

Taxation

102.41

85.19

20.21

180.1

228.9

-21.32

479.44

377.53

26.99

PAT

286.9

394.42

-27.26

510.82

737.51

-30.74

1574.47

1341.75

17.34

Minority Interest (MI)

0.02

0.16

-87.50

0.02

0.35

-94.29

0.17

Net profit

286.88

394.26

-27.24

510.8

737.16

-30.71

1574.3

1341.75

17.33

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

286.88

394.26

-27.24

510.8

737.16

-30.71

1574.3

1341.75

17.33

EPS (Rs)*

1.38

1.89

-27.24

2.45

3.54

-30.71

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