RVNL Q1 Net Profit Drops 35% to Rs 224 Crore
By Rediff Money Desk, New Delhi Aug 08, 2024 15:46
RVNL's net profit fell by 35% to Rs 224 crore in Q1 FY25 due to reduced income. Total income decreased to Rs 4,336.75 crore from Rs 5,853.18 crore in the previous year.
New Delhi, Aug 8 (PTI) State-owned Rail Vikas Nigam Ltd (RVNL) on Thursday posted around 35 per cent fall in consolidated net profit to Rs 223.92 crore during the June quarter of FY25, mainly on account of reduced income.
It had reported a net profit of Rs 343.09 crore during the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing.
The company's total income decreased to Rs 4,336.75 crore from Rs 5,853.18 crore in the year-ago quarter.
RVNL, under the Ministry of Railways, is involved in project development, financing and implementation of projects related to rail infrastructure.
It had reported a net profit of Rs 343.09 crore during the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing.
The company's total income decreased to Rs 4,336.75 crore from Rs 5,853.18 crore in the year-ago quarter.
RVNL, under the Ministry of Railways, is involved in project development, financing and implementation of projects related to rail infrastructure.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 15.87 (+ 0.95)
- 60670473
- GTL Infrastructure
- 2.82 (+ 1.81)
- 59154693
- Suzlon Energy Ltd.
- 72.95 (+ 4.86)
- 19977625
- Srestha Finvest
- 2.07 ( -2.36)
- 18682919
- YES Bank Ltd.
- 23.92 ( -0.54)
- 14385929
MORE NEWS
![JFSL to Shape...](https://im.rediff.com/80-80/money/2023/jul/28jio1.jpg)
JFSL to Shape Inclusive Financial Future for...
Jio Financial Services Ltd (JFSL) aims to revolutionize financial services in India by...
Areca and Coconut Prices in Mangaluru - August 8
Get the latest areca and coconut prices in Mangaluru for August 8. Check the rates for...
![RBI Can't Ignore...](https://im.rediff.com/80-80/money/2021/apr/07rbi-inflation.jpg)
RBI Can't Ignore Food Inflation While Setting...
RBI Governor Shaktikanta Das says the central bank cannot ignore food inflation in its...