Railway major RVNL posted its results for the quarter ended March after the markets closed on Friday.
What Happened: The railway infra company’s net profit for the quarter came in at ₹478.40 crore, up around 33% from the ₹359.25 crore posted in the same quarter last year. Revenue from operations for the March quarter stood at ₹6,714 crore, up around 17% from the ₹5,720 crore posted in the corresponding quarter of last year.
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The company announced a ₹2.11 per share dividend. Ahead of the results, the stock has been on a strong run at the bourses. In the last five sessions, the stock has gone up around 12%.
In the last two months, the company has received orders worth over ₹1,500 crore. The strong order inflow has helped the stock jump up around 60% since the start of the year.
Price Action: RVNL’s share price was up 3.76% to close at ₹290.80 on Friday.
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