Rail Vikas Nigam Q4 net profit up 13.66% at Rs 185.84 cr
30/05/2019 10:30
The company reported standalone net profit of Rs 185.84 crore for the quarter ended March 31, 2019 as compared to Rs 163.51 crore in the same period last year, registering a year-on-year growth of 13.66 per cent.

Net revenue of the company rose substantially by 28.99 per cent at Rs 3,418.44 crore in January-March quarter of this fiscal as against Rs 2,650.17 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 29.49 per cent to Rs 3,241.06 crore from Rs 2,502.92 crore in year ago period.

Other Income grew by 11.47 per cent at Rs 62.19 crore versus (Mar'18 Rs 55.79 crore).

Operating Profit surged by 20.47 per cent to Rs 177.39 crore as against Rs 147.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.65 per cent in March quarter.

Interest grew by 87.76 per cent y-o-y to Rs 22.08 crore, while Taxation increased by 59.06 per cent at Rs 42.31 crore (Mar'18 Rs 26.60 crore).