RVNL Q1 Results: Consolidated Net Profit Drops 34.7%, Revenue Declines 26%

Services

Option Trading with CA Abhay

Equity Trading with CA Abhay

Stock Market Masterclass

FNO Stocks with CA Abhay

Equity Investment with CA Abhay

RVNL Reports 34.7% Drop in Q1 Net Profit, Revenue Falls by 26%

Team Finance Saathi

08/Aug/2024

Key Points:

Net Profit Decline: RVNL's consolidated net profit decreased by 34.7% to ₹223.92 crore in Q1, down from ₹343 crore in the same quarter last year.

Revenue Drop: The company's revenue from operations fell by 26% to ₹4,073 crore, compared to ₹5,571 crore in the corresponding quarter of the previous year.

EBITDA and Margin: EBITDA for the quarter was ₹182 crore, with an EBITDA margin of 4.5%.

RVNL, a major infrastructure development company, has reported a significant decline in its financial performance for the first quarter. The company’s consolidated net profit dropped by 34.7% to ₹223.92 crore from ₹343 crore in the same quarter of the previous year. This sharp decrease highlights ongoing challenges faced by the company in maintaining profitability.

Revenue Performance

Revenue from operations for RVNL fell by 26%, amounting to ₹4,073 crore compared to ₹5,571 crore in the corresponding quarter last year. This decline in revenue reflects reduced business activity and project execution issues impacting the company's overall performance.

EBITDA and Margin

The company's EBITDA for the quarter stood at ₹182 crore, resulting in an EBITDA margin of 4.5%. The margin indicates a significant contraction compared to previous periods, further illustrating the company's difficulties in managing operational costs effectively amidst lower revenue.

Market Reactions

The significant drop in both net profit and revenue has attracted attention from investors and market analysts. RVNL's financial results underscore the need for strategic adjustments and improved operational efficiencies to navigate the challenging business environment and enhance profitability.

Also Read : Delhi High Court Rebukes SpiceJet Over Unpaid Dues, Demands Directors' Personal Guarantees

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO. The Upcoming IPOs in this week and coming weeks are Utssav Cz Gold Jewels Limited, Dhariwalcorp Limited, Ola Electric Mobility Limited, Ceigall India Limited, Afcom Holdings Limited, Picture Post Studios Limited IPO.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX & Upstox.

Services

RVNL Reports 34.7% Drop in Q1 Net Profit, Revenue Falls by 26%

Related News