“…it is hereby informed that Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from PSPCL for the development of distribution Infrastructure work for Package-3 Central Zone for execution of HT/LT Infrastructure loss reduction works under reforms-based and results-linked, revamped distribution sector scheme (RDSS) in the state of Punjab,” RVNL said in a regulatory filing.
The contract involves the development of distribution infrastructure under Package 3 in Punjab’s Central Zone. This initiative is part of the Reforms-Based and Results-Linked Revamped Distribution Sector Scheme (RDSS). The scope includes high-tension (HT) and low-tension (LT) infrastructure loss reduction works, aimed at enhancing power distribution efficiency in the state.
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RVNL’s net profit fell 27% year-on-year (YoY) to ₹286.9 crore, down from ₹394.3 crore in the same period last year, due to lower operating margins and reduced earnings.
Revenue from operations for the rail PSU declined by 1.2% YoY to ₹4,855 crore, compared to ₹4,914.3 crore in Q2 FY24. EBITDA dropped 9% to ₹271.5 crore, with margins narrowing to 5.6% from 6% in the year-ago period, indicating rising operational pressures.
On a quarter-on-quarter (QoQ) basis, RVNL’s profit rose by 28.1%, while revenue increased by 19.2% in Q2 FY25, reflecting some sequential improvement in performance.
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Tax expenses for the quarter fell slightly by 0.5% YoY to ₹4,731.5 crore but saw a 17.2% QoQ increase. Shares of Rail Vikas Nigam Ltd ended at ₹435.80, down by ₹7.60, or 1.71% on the BSE.
