193% Returns in 1 Year: Multibagger railway PSU stock hits upper circuit for second straight day on order win, Q4 show
RVNL Share Price Today: Shares of Rail Vikas Nigam Ltd (RVNL) extended their winning streak for the second straight session, surging nearly 15 per cent during the period to hit a lifetime record-high mark on Wednesday, May 22. RVNL has given multi-bagger returns to investors over the last one-to-three-year periods.
The railway public-sector undertaking (PSU) is a construction arm of the railway ministry for projects and transportation infra development. Shares of the multi-bagger railway PSU have hit back-to-back 52-week highs this week on robust January-March quarter results for fiscal 2023-24 (Q4FY24) numbers.
The share surge also came after the PSU secured a large order from the South Eastern Railway headquarters-Electrical on Tuesday, May 21. Also Read: RVNL share price rises 15% to all time high on a large order win from South Eastern Railways During the March quarter, RVNL's net profit rose 33 per cent to ₹478 crore, compared to ₹359.25 crore in the corresponding period last year, driven by strong revenue growth and improved operating performance.
The revenue from operations grew 19 per cent to ₹6,714.01 crore At the operating level, the PSU's earnings before interest, tax, depreciation, and amortisation (EBITDA) in the fourth quarter of FY24 rose 21.8 per cent to ₹456.4 crore compared to ₹374.6 crore in year-ago period. The EBITDA margin came in at 6.8 per cent in the quarter-under-review, up from 6.6 per cent in the corresponding period in the previous fiscal.
RVNL's board also recommended a final dividend of ₹2.11 per equity share or 21.10 per cent on the paid-up equity share capital for FY24, subject to the approval of the shareholders at the ensuing annual general meeting (AGM). The final dividend will be paid
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