Revenue from operations came in at Rs 3,908.77 crore, down 4.05% YoY from Rs 4,073.80 crore in Q1FY24. Total income also fell 4.61% YoY to Rs 4,136.96 crore from Rs 4,336.75 crore in the corresponding quarter last year, indicating a softer topline performance.
On the profitability front, profit before tax (PBT) stood at Rs 173.41 crore, marking a sharp 42.51% decline YoY from Rs 301.61 crore in the year-ago period.
However, the total expenses of the company for the quarter stood at Rs 3,972.92 crore, marginally lower by 1.57% YoY from Rs 4,036.50 crore in Q1FY24.
Sequentially, the company witnessed a steep 70.74% quarter-on-quarter (QoQ) fall in net profit from Rs 459.12 crore in Q4FY25, reflecting weaker performance at the start of the new fiscal year.
In a separate announcement, RVNL informed exchanges that its Board of Directors has noted a Ministry of Railways decision regarding a change in the shareholding pattern of Kinet Railway Solutions Private Limited, a joint venture company.As per the new arrangement, Joint Stock Company Metrowagonmash will see its stake reduced from 70% to 35%, Rail Vikas Nigam Limited will retain its 25% holding, and Joint Stock Company Locomotive Electronic System will increase its stake from 5% to 40%.RVNL posted its Q1 results close to the market’s closing hours, post which, the stock ended 4% lower at Rs 329.05 on the BSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)