Orders are pouring in for RVNL. After the company acquired a Rs 554.64 crore contract from NHAI, RVNL’s share price increased 3.4% to reach the day’s high of Rs 342. The order must be completed in 730 days, or just over two years.
In the State of Andhra Pradesh, under NH (O) on Hybrid Annuity Mode, “It is hereby informed that Rail Vikas Nigam emerges as the Lowest Bidder (L1) from the National Highway Authority of India for Construction of 6 lane access controlled connectivity to Visakhapatnam Port Road from Km 0.000 to Km 12.660 (Sheelanagar junction) of NH 516C on Hybrid Annuity Mode,” according to an exchange filing.
Additionally, on March 10, the business and Abhinava Strategic Partners, a non-listed company, inked a new memorandum of agreement for cooperation connected to Saudi Arabian railways. “To provide advisory services to RVNL as and when opportunities arise in Saudi Arabia & the Middle East Region about projects in the areas of railroads, MRTS, tunnels, roads (highways & expressways), bridges, building works, airports, ports, irrigation, power transmission and distribution, solar, wind, hydro power, etc.”
The company’s net profit for the third quarter of FY25 was Rs 311.6 crore, down 13.1% year over year from Rs 358.6 crore. In comparison with Rs 4,689.3 crore in the same quarter last year, its revenue dropped 2.6% YoY to Rs 4,567.4 crore. In Q3 FY25, EBITDA at the operating level decreased 3.9% YoY to Rs 239.4 crore.
Over the last five trading days, RVNL’s share price has decreased by 0.6 percent. In the past month, the stock has destroyed more than 10% of investors’ wealth, and in the last six months, it has destroyed 40%. Over the past year, the share price of RVNL has returned 37%.
