Rail Vikas Nigam in focus today after mixed Q2 performance; stock down 68% from record peak
New Delhi, Nov. 13 -- Shares of Rail Vikas Nigam (RVNL) are expected to attract investor interest during Friday's trade, November 13, after the railway major reported its financial performance for the September quarter (Q2 FY27) post-market hours on Thursday.
The company reported a net profit of Rs.253.71 crore in Q2 FY27, registering a growth of 10% year-on-year (YoY) compared to Rs.230.52 crore in Q2 FY26. The growth in profitability came despite a decline in revenue, supported by a reduction in expenses during the quarter.
Revenue from operations declined by 8.24% YoY to Rs.4,701 crore in Q2 FY27 from Rs.5,123 crore in the corresponding quarter of the previous financial year.
On the operating front, RVNL reported an operating profit...
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