Mumbai/IBNS, Aug. 13 -- Shares of Rail Vikas Nigam Limited (RVNL) declined on Thursday despite the company reporting a sharp rise in consolidated net profit for the first quarter of FY2027, media reports said.

The RVNL stock was trading at around Rs.229.47 per share during the opening hours of trade.

RVNL reported a consolidated net profit of Rs.159.52 crore for the June quarter (Q1 FY27), up 18.7 per cent from Rs.134.36 crore in the corresponding quarter of the previous fiscal.

RVNL's total income stood at Rs.4,462.29 crore during the quarter.

The company's profit before tax rose to Rs.223.54 crore in Q1 FY27 from Rs.173.41 crore a year earlier.

Its earnings per share (EPS) also increased to Rs.0.76, compared with Rs.0.65 in the yea...