RVNL has achieved impressive multibagger returns of 922% over the past year, significantly outperforming Nifty’s nearly 50 percent gains during the same period.RVNL stock surges almost 4 percent

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Shares of Rail Vikas Nigam Ltd (RVNL) extended their gains for the fifth consecutive session, rising nearly 4 percent on May 18, following the company’s strong quarterly results for the period ending March 2024. The state-run railway company’s net profit increased by 33.2 percent year-over-year to Rs 478.6 crore, supported by robust revenue and operating performance. Revenue from operations for the quarter grew by 17.4 percent YoY to Rs 6,714 crore.

On the operating front, RVNL’s EBITDA for Q4FY24 rose by 21.8 percent YoY to Rs 456.4 crore from Rs 374.6 crore in the same period last year. EBITDA represents earnings before interest, tax, depreciation, and amortization.

EBITDA MARGIN

The EBITDA margin for the reporting quarter was 6.8 percent, up from 6.6 percent in the corresponding period of the previous fiscal year. Additionally, RVNL’s board has recommended a final dividend of Rs 2.11 per equity share (21.10 percent) on the pShares of Rail Vikas Nigam Ltd (RVNL) extended their gains for the fifth consecutive session, rising nearly 4 percent on May 18, following the company’s strong quarterly results for the period ending March 2024. The state-run railway company’s net profit increased by 33.2 percent year-over-year to Rs 478.6 crore, supported by robust revenue and operating performance. Revenue from operations for the quarter grew by 17.4 percent YoY to Rs 6,714 crore.aid-up equity share capital for FY24, pending shareholder approval at the upcoming annual general meeting (AGM).

DIVIDEND

The final dividend for 2023-24 will be disbursed within 30 days of its declaration at the AGM.

As of 9:31 am, RVNL shares were trading at Rs 301.15 on the NSE, up 3.6 percent from the previous close. The stock has surged approximately 15 percent in the past week alone.

In 2024 so far, RVNL has rallied around 65 percent, significantly outperforming the benchmark Nifty 50, which has increased by about 3.5 percent during the same period.

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