Consolidated net sales (including other operating income) of Rail Vikas Nigam for the quarter ended Mar 2023 has declined 11.15% to Rs 5719.83 crore. Operating profit margin has jumped from 6.34% to 6.55%, leading to 8.33% decline in operating profit to Rs 374.37 crore. Employee cost decreased from 0.77% to 0.66%. Other expenses fell from 92.88% to 92.79%. Other direct service cost fell from 92.44% to 92.08%. Other income rose 21.94% to Rs 256.05 crore. PBIDT rose 1.95% to Rs 630.42 crore. Provision for interest rose 0.08% to Rs 146.31 crore. PBDT rose 2.53% to Rs 484.11 crore. Provision for depreciation fell 20.65% to Rs 5.84 crore. Profit before tax grew 2.90% to Rs 478.27 crore. Share of profit/loss was 18.48% higher at Rs 17.82 crore. Provision for tax was expense of Rs 136.84 crore, compared to Rs 101.68 crore. Effective tax rate was 27.58% compared to 21.19%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 5% to Rs 359.25 crore. Full year results analysis.
Net sales (including other operating income) of Rail Vikas Nigam has increased 4.64% to Rs 20281.57 crore. Operating profit margin has jumped from 6.10% to 6.15%, leading to 5.39% rise in operating profit to Rs 1,246.77 crore. Employee cost decreased from 1.05% to 0.94%. Other expenses rose from 92.84% to 92.91%. Other direct service cost fell from 92.37% to 92.30%. Other income rose 24.52% to Rs 996.47 crore. PBIDT rose 13.11% to Rs 2243.24 crore. Provision for interest rose 3.13% to Rs 581.37 crore. PBDT rose 17.08% to Rs 1661.87 crore. Provision for depreciation rose 6.74% to Rs 22.32 crore. Profit before tax grew 17.23% to Rs 1,639.55 crore. Share of profit/loss was 412.77% higher at Rs 158.6 crore. Provision for tax was expense of Rs 377.6 crore, compared to Rs 319.49 crore. Effective tax rate was 21.00% compared to 22.35%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 27.98% to Rs 1,420.55 crore. Others Equity capital stood at Rs 2,085.02 crore as of 31 March 2023 to Rs 2,085.02 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 78.20% as of 31 March 2023 ,compared to 78.20% as of 31 March 2022 . Loan funds declined from Rs 6,643.47 crore as of 31 March 2022 to Rs 6,441.34 crore as of 31 March 2023. Inventories rose to Rs 58.93 crore as of 31 March 2023 from Rs 49.91 crore as of 31 March 2022. Sundry debtors were higher at Rs 969.30 crore as of 31 March 2023 compared to Rs 938.17 crore as of 31 March 2022. Cash and bank balance declined from Rs 6,823.51 crore as of 31 March 2022 to Rs 1,853.31 crore as of 31 March 2023. Investments rose to Rs 1,982.36 crore as of 31 March 2023 from Rs 1,809.67 crore as of 31 March 2022 . Fixed assets declined from Rs 359.80 crore as of 31 March 2022 to Rs 341.29 crore as of 31 March 2023. Intangible assets declined from Rs 20.90 crore to Rs 14.73 crore.
| Rail Vikas Nigam : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 5,719.83 | 6,437.54 | -11.15 | 20,281.57 | 19,381.71 | 4.64 | | OPM (%) | 6.55 | 6.34 | 20 bps | 6.15 | 6.10 | 4 bps | | OP | 374.37 | 408.38 | -8.33 | 1,246.77 | 1,182.96 | 5.39 | | Other Inc. | 256.05 | 209.98 | 21.94 | 996.47 | 800.24 | 24.52 | | PBIDT | 630.42 | 618.36 | 1.95 | 2,243.24 | 1,983.20 | 13.11 | | Interest | 146.31 | 146.20 | 0.08 | 581.37 | 563.71 | 3.13 | | PBDT | 484.11 | 472.16 | 2.53 | 1,661.87 | 1,419.49 | 17.08 | | Depreciation | 5.84 | 7.36 | -20.65 | 22.32 | 20.91 | 6.74 | | PBT | 478.27 | 464.80 | 2.90 | 1639.55 | 1398.58 | 17.23 | | Share of Profit/(Loss) from Associates | 17.82 | 15.04 | 18.48 | 158.6 | 30.93 | 412.77 | | PBT before EO | 496.09 | 479.84 | 3.39 | 1798.15 | 1429.51 | 25.79 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 496.09 | 479.84 | 3.39 | 1798.15 | 1429.51 | 25.79 | | Taxation | 136.84 | 101.68 | 34.58 | 377.6 | 319.49 | 18.19 | | PAT | 359.25 | 378.16 | -5.00 | 1420.55 | 1110.02 | 27.98 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | | Net profit | 359.25 | 378.16 | -5.00 | 1420.55 | 1110.02 | 27.98 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 359.25 | 378.16 | -5.00 | 1420.55 | 1110.02 | 27.98 | | EPS (Rs)* | 1.72 | 1.81 | -5.00 | 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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