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Consolidated net sales (including other operating income) of Rail Vikas Nigam for the quarter ended Sep 2023 has increased 0.11% to Rs 4914.32 crore. Operating profit margin has declined from 6.44% to 6.07%, leading to 5.60% decline in operating profit to Rs 298.29 crore. Employee cost decreased from 1.11% to 0.94%. Other expenses rose from 92.45% to 92.99%. Other direct service cost rose from 91.79% to 92.44%. Other income rose 33.38% to Rs 296.02 crore. PBIDT rose 10.48% to Rs 594.31 crore. Provision for interest rose 1.42% to Rs 132.69 crore. PBDT rose 13.40% to Rs 461.62 crore. Provision for depreciation rose 29.05% to Rs 6.22 crore. Profit before tax grew 13.21% to Rs 455.40 crore. Share of profit/loss was 69.24% lower at Rs 24.21 crore. Provision for tax was expense of Rs 85.19 crore, compared to Rs 99.76 crore. Effective tax rate was 17.76% compared to 20.74%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 3.46% to Rs 394.42 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Rail Vikas Nigam has increased 9.80% to Rs 10485.89 crore.
Operating profit margin has declined from 6.25% to 6.17%, leading to 8.49% rise in operating profit to Rs 647.39 crore. Employee cost decreased from 1.08% to 0.88%. Other expenses rose from 92.67% to 92.94%. Other direct service cost rose from 92.06% to 92.31%. Other income rose 25.71% to Rs 577.63 crore. PBIDT rose 15.98% to Rs 1225.02 crore. Provision for interest fell 3.26% to Rs 278.74 crore. Loan funds declined from Rs 6,361.22 crore as of 30 September 2022 to Rs 5,980.70 crore as of 30 September 2023. Inventories rose to Rs 104.26 crore as of 30 September 2023 from Rs 57.08 crore as of 30 September 2022. Sundry debtors were higher at Rs 1,136.87 crore as of 30 September 2023 compared to Rs 1,000.97 crore as of 30 September 2022. Cash and bank balance rose to Rs 4,503.40 crore as of 30 September 2023 from Rs 2,666.34 crore as of 30 September 2022. Investments rose to Rs 2,073.28 crore as of 30 September 2023 from Rs 1,986.73 crore as of 30 September 2022 . PBDT rose 23.19% to Rs 946.28 crore. Provision for depreciation rose 8.72% to Rs 11.72 crore. Fixed assets declined from Rs 347.04 crore as of 30 September 2022 to Rs 327.14 crore as of 30 September 2023. Intangible assets declined from Rs 17.80 crore to Rs 11.80 crore. Profit before tax grew 23.40% to Rs 934.56 crore. Share of profit/loss was 67.12% lower at Rs 31.85 crore. Provision for tax was expense of Rs 228.9 crore, compared to Rs 175.32 crore. Effective tax rate was 23.69% compared to 20.52%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 8.63% to Rs 737.51 crore. Equity capital stood at Rs 2,085.02 crore as of 30 September 2023 to Rs 2,085.02 crore as of 30 September 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 72.84% as of 30 September 2023 ,compared to 78.20% as of 30 September 2022 . Loan funds declined from Rs 6,361.22 crore as of 30 September 2022 to Rs 5,980.70 crore as of 30 September 2023. Inventories rose to Rs 104.26 crore as of 30 September 2023 from Rs 57.08 crore as of 30 September 2022. Sundry debtors were higher at Rs 1,136.87 crore as of 30 September 2023 compared to Rs 1,000.97 crore as of 30 September 2022. Cash and bank balance rose to Rs 4,503.40 crore as of 30 September 2023 from Rs 2,666.34 crore as of 30 September 2022. Investments rose to Rs 2,073.28 crore as of 30 September 2023 from Rs 1,986.73 crore as of 30 September 2022 . Fixed assets declined from Rs 347.04 crore as of 30 September 2022 to Rs 327.14 crore as of 30 September 2023. Intangible assets declined from Rs 17.80 crore to Rs 11.80 crore.
| Rail Vikas Nigam : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 4,914.32 | 4,908.90 | 0.11 | 10,485.89 | 9,549.65 | 9.80 | 20,281.57 | 19,381.71 | 4.64 | | OPM (%) | 6.07 | 6.44 | -37 bps | 6.17 | 6.25 | -7 bps | 6.15 | 6.10 | 4 bps | | OP | 298.29 | 315.99 | -5.60 | 647.39 | 596.73 | 8.49 | 1,246.77 | 1,182.96 | 5.39 | | Other Inc. | 296.02 | 221.93 | 33.38 | 577.63 | 459.51 | 25.71 | 996.47 | 800.24 | 24.52 | | PBIDT | 594.31 | 537.92 | 10.48 | 1,225.02 | 1,056.24 | 15.98 | 2,243.24 | 1,983.20 | 13.11 | | Interest | 132.69 | 130.83 | 1.42 | 278.74 | 288.12 | -3.26 | 581.37 | 563.71 | 3.13 | | PBDT | 461.62 | 407.09 | 13.40 | 946.28 | 768.12 | 23.19 | 1,661.87 | 1,419.49 | 17.08 | | Depreciation | 6.22 | 4.82 | 29.05 | 11.72 | 10.78 | 8.72 | 22.32 | 20.91 | 6.74 | | PBT | 455.40 | 402.27 | 13.21 | 934.56 | 757.34 | 23.40 | 1639.55 | 1398.58 | 17.23 | | Share of Profit/(Loss) from Associates | 24.21 | 78.71 | -69.24 | 31.85 | 96.87 | -67.12 | 158.6 | 30.93 | 412.77 | | PBT before EO | 479.61 | 480.98 | -0.28 | 966.41 | 854.21 | 13.13 | 1798.15 | 1429.51 | 25.79 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 479.61 | 480.98 | -0.28 | 966.41 | 854.21 | 13.13 | 1798.15 | 1429.51 | 25.79 | | Taxation | 85.19 | 99.76 | -14.61 | 228.9 | 175.32 | 30.56 | 377.6 | 319.49 | 18.19 | | PAT | 394.42 | 381.22 | 3.46 | 737.51 | 678.89 | 8.63 | 1420.55 | 1110.02 | 27.98 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 394.42 | 381.22 | 3.46 | 737.51 | 678.89 | 8.63 | 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 | 394.42 | 381.22 | 3.46 | 737.51 | 678.89 | 8.63 | 1420.55 | 1110.02 | 27.98 | | EPS (Rs)* | 1.89 | 1.83 | 3.46 | 3.54 | 3.26 | 8.63 | 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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