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Consolidated net sales (including other operating income) of Rail Vikas Nigam for the quarter ended Dec 2023 has declined 6.44% to Rs 4689.33 crore. Operating profit margin has declined from 5.50% to 5.31%, leading to 9.64% decline in operating profit to Rs 249.10 crore. Employee cost increased from 0.98% to 1.08%. Other expenses rose from 93.52% to 93.60%. Other direct service cost fell from 93.02% to 92.55%. Other income rose 16.64% to Rs 327.64 crore. PBIDT rose 3.62% to Rs 576.74 crore. Provision for interest fell 5.14% to Rs 139.38 crore. PBDT rose 6.76% to Rs 437.36 crore. Provision for depreciation fell 15.26% to Rs 4.83 crore. Profit before tax grew 7.08% to Rs 432.53 crore. Share of profit/loss was 31.63% lower at Rs 30.02 crore. Provision for tax was expense of Rs 103.98 crore, compared to Rs 65.44 crore. Effective tax rate was 22.48% compared to 14.61%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 6.24% to Rs 358.57 crore.
For year-to-date (YTD) results analysis.
Consolidated net sales (including other operating income) of Rail Vikas Nigam for 9mFY24 has increased 4.21% to Rs 15175.22 crore.
Operating profit margin has declined from 5.99% to 5.91%, leading to 2.76% rise in operating profit to Rs 896.49 crore. Employee cost decreased from 1.05% to 0.95%. Other expenses rose from 92.96% to 93.15%. Other direct service cost fell from 92.39% to 92.38%. Other income rose 22.26% to Rs 905.27 crore. PBIDT rose 11.71% to Rs 1801.76 crore. Provision for interest fell 3.89% to Rs 418.12 crore. PBDT rose 17.48% to Rs 1383.64 crore. Provision for depreciation rose 0.42% to Rs 16.55 crore. Profit before tax grew 17.72% to Rs 1,367.09 crore. Share of profit/loss was 56.05% lower at Rs 61.87 crore. Provision for tax was expense of Rs 332.88 crore, compared to Rs 240.76 crore. Effective tax rate was 23.30% compared to 18.49%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 3.28% to Rs 1,096.08 crore. Promoters’ stake was 72.84% as of 31 December 2023 ,compared to 78.20% as of 31 December 2022 .
| Rail Vikas Nigam : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 4,689.33 | 5,012.09 | -6.44 | 15,175.22 | 14,561.74 | 4.21 | 20,281.57 | 19,381.71 | 4.64 | | OPM (%) | 5.31 | 5.50 | -19 bps | 5.91 | 5.99 | -8 bps | 6.15 | 6.10 | 4 bps | | OP | 249.10 | 275.68 | -9.64 | 896.49 | 872.40 | 2.76 | 1,246.77 | 1,182.96 | 5.39 | | Other Inc. | 327.64 | 280.91 | 16.64 | 905.27 | 740.42 | 22.26 | 996.47 | 800.24 | 24.52 | | PBIDT | 576.74 | 556.59 | 3.62 | 1,801.76 | 1,612.82 | 11.71 | 2,243.24 | 1,983.20 | 13.11 | | Interest | 139.38 | 146.94 | -5.14 | 418.12 | 435.06 | -3.89 | 581.37 | 563.71 | 3.13 | | PBDT | 437.36 | 409.65 | 6.76 | 1,383.64 | 1,177.76 | 17.48 | 1,661.87 | 1,419.49 | 17.08 | | Depreciation | 4.83 | 5.7 | -15.26 | 16.55 | 16.48 | 0.42 | 22.32 | 20.91 | 6.74 | | PBT | 432.53 | 403.95 | 7.08 | 1367.09 | 1161.28 | 17.72 | 1639.55 | 1398.58 | 17.23 | | Share of Profit/(Loss) from Associates | 30.02 | 43.91 | -31.63 | 61.87 | 140.78 | -56.05 | 158.6 | 30.93 | 412.77 | | PBT before EO | 462.55 | 447.86 | 3.28 | 1428.96 | 1302.06 | 9.75 | 1798.15 | 1429.51 | 25.79 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 462.55 | 447.86 | 3.28 | 1428.96 | 1302.06 | 9.75 | 1798.15 | 1429.51 | 25.79 | | Taxation | 103.98 | 65.44 | 58.89 | 332.88 | 240.76 | 38.26 | 377.6 | 319.49 | 18.19 | | PAT | 358.57 | 382.42 | -6.24 | 1096.08 | 1061.3 | 3.28 | 1420.55 | 1110.02 | 27.98 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 358.57 | 382.42 | -6.24 | 1096.08 | 1061.3 | 3.28 | 1420.55 | 1110.02 | 27.98 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 358.57 | 382.42 | -6.24 | 1096.08 | 1061.3 | 3.28 | 1420.55 | 1110.02 | 27.98 | | EPS (Rs)* | 1.72 | 1.83 | -6.24 | 5.26 | 5.09 | 3.28 | 6.81 | 5.32 | 27.98 | | | * 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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