RVNL Share Price Surges 14% After Securing Rs 554 Crore Order
Rise in Share Price: RVNL’s stock price soared by 13.6% on February 19, 2025, hitting an intraday high of Rs 354.25 per share on BSE.
- The surge followed the company receiving a letter of acceptance from Rail Infrastructure Development Company (Karnataka).
- By 12:16 PM, RVNL’s share price reached Rs 375.5, a rise of 12.73% compared to the previous session.
- The market capitalization of RVNL stood at Rs 78,313.35 crore.
- Over the past year, RVNL shares have appreciated by 25%, outperforming the Sensex‘s rise of 4.4%.
Contract Details: Under the new contract, RVNL will be responsible for constructing nine stations for the Bengaluru Suburban Rail Project (BSRP).
- The project includes 1 elevated station and 8 at-grade stations across multiple locations like Heelalige, Singena Agrahara, and others.
- It involves extensive works including civil, structural, and electrical & mechanical (E&M) works for the stations, along with architectural finishes and detailed design & engineering.
- The total value of the contract is Rs 554 crore, and the project is expected to be completed in 24 months.
Recent Financial Results: RVNL’s Q3 performance revealed a 13% decline in consolidated net profit, dropping to Rs 311.58 crore from Rs 358.57 crore a year ago.
- Revenue saw a 2.6% YoY decline, coming in at Rs 4,567.38 crore compared to Rs 4,689.33 crore in the same quarter last year.
- EBITDA for the quarter stood at Rs 239 crore, down from Rs 249 crore in Q3 FY24, with a slight drop in the EBITDA margin to 5.2%.
About RVNL: RVNL, a public sector enterprise under the Ministry of Railways, was established in 2003. It plays a crucial role in the planning, development, and implementation of railway infrastructure projects across India.
