{"id":3353,"date":"2024-08-08T15:51:14","date_gmt":"2024-08-08T10:21:14","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3353"},"modified":"2024-08-08T15:51:14","modified_gmt":"2024-08-08T10:21:14","slug":"rvnl-shares-drop-4-following-a-35-decline-in-q1fy25-net-profit","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/rvnl-shares-drop-4-following-a-35-decline-in-q1fy25-net-profit\/","title":{"rendered":"RVNL Shares Drop 4% Following a 35% Decline in Q1FY25 Net Profit"},"content":{"rendered":"\n

Rail Vikas Nigam Limited (RVNL) witnessed a significant decline in its share price, dropping nearly 6% on August 8, after the company reported a sharp 35% decrease in its net profit for the first quarter of FY25.<\/p>\n\n\n\n

By 14:25 pm on the NSE, RVNL’s stock had partially recovered but was still down 3.71%, trading at Rs 544.8. The company’s net profit for the June quarter stood at Rs 223.92 crore, a steep decline from Rs 343.09 crore in the same period of the previous year. The company had posted a net profit of Rs 478.4 crore in the March quarter.<\/p>\n\n\n\n

RVNL’s revenue from operations also took a hit, falling 26.9% to Rs 4,073.8 crore, compared to Rs 5,571.57 crore in the year-ago period. This decline follows a rough start to the week, where the stock dropped 8% amid a broader market downturn that saw the BSE PSU and CPSE indices slipping by up to 4%.<\/p>\n\n\n\n

Despite these setbacks, RVNL secured a Rs 132 crore order from Central Railways in July, signalling ongoing business activity even in the face of current challenges.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sub><\/sup><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Rail Vikas Nigam Limited (RVNL) witnessed a significant decline in its share price, dropping nearly 6% on August 8, after the company reported a sharp 35% decrease in its net profit for the first quarter of FY25. By 14:25 pm on the NSE, RVNL’s stock had partially recovered but was still down 3.71%, trading at […]<\/p>\n","protected":false},"author":1,"featured_media":3354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[210],"class_list":["post-3353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-rvnl-q1-result"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3353"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3353\/revisions"}],"predecessor-version":[{"id":3355,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3353\/revisions\/3355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3354"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}