Mumbai, Nov. 14 -- Profit before tax (PBT) declined 4.95% to Rs 325.45 crore in Q2 FY27 from Rs 342.39 crore in Q2 FY26.
Total expenses decreased 9.46% to Rs 4,540.86 crore in Q2 FY27 compared with Rs 5,015 crore in Q2 FY26. Operation expenses stood at Rs 4,188.38 crore, down 12.33% YoY, while employee benefits expenses declined 1.35% to Rs 51.89 crore and finance costs fell 10.14% to Rs 93.45 crore during the period under review.
Meanwhile, the company's board approved the issuance of an unconditional and irrevocable corporate guarantee of up to Rs 375 crore in favour of Export-Import Bank of India in connection with a proposed Rs 1,500 crore term loan facility to be availed by Kinet Railway Solutions, a joint venture of RVNL. RVNL holds...