RVNL Sees Significant Drop in Q1 FY25 Profit

Rail Vikas Nigam Ltd (RVNL) reported a 35% decline in net profit for Q1 FY25, with earnings falling to Rs 223.92 crore. The drop is attributed to significantly lower total income, which stood at Rs 4,336.75 crore, compared to Rs 5,853.18 crore in the same period last year.

State-owned Rail Vikas Nigam Ltd (RVNL) on Thursday reported a steep 35 per cent decline in consolidated net profit for the first quarter of FY25, with earnings at Rs 223.92 crore, compared to Rs 343.09 crore in the same quarter of the previous fiscal year.

This downturn in profit is primarily due to a substantial reduction in the company's total income, which dropped to Rs 4,336.75 crore from Rs 5,853.18 crore recorded in the year-ago period, according to an exchange filing by RVNL.

RVNL, operating under the Ministry of Railways, engages in the development, financing, and execution of rail infrastructure projects.

(With inputs from agencies.)