RVNL on Monday evening informed the exchanges that it would release its earnings for the June quarter on August 8.

What Happened: In an exchange filing, the rail infra major said that a meeting of the board of directors of the company is scheduled to be held on Thursday, August 8, to “consider, approve and take on record the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2024.”

What To Expect: Antique Broking in its preview note said that it expects RVNL’s revenue for the quarter to go up around 8% year-on-year to ₹6,006 crore. Net profit is expected to be around ₹408, an increase of around 19% from the previous year’s figures.

See Also: HPCL Sees Net Profit Tank Over 90% To 634 Cr In Q1

Peer Results: Last week, the company’s peer Jupiter Wagons posted its earnings for the quarter ended June. The company reported a 46.24% jump in net profit to ₹91.92 crore from ₹62.85 crore in the previous year. On a sequential basis, it was down 12.59% from ₹105.17 crore in the March quarter.

The company's revenue rose 16.81% to ₹879.86 crore as against ₹753.18 crore in the previous year. Titagarh Rail Systems is scheduled to post earnings on Tuesday, while RITES will post earnings on Wednesday.

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