RVNL‘s share price was deep in the red on Thursday morning ahead of the Q1 results scheduled to be released later today.

What To Expect: Antique Broking, in its preview note, anticipates that RVNL's revenue for the quarter will increase by around 8% year on year, reaching ₹6,006 crore. The firm’s net profit is expected to be around ₹408 crore, marking a 19% increase compared to the previous year's figures. EBITDA for the quarter is seen at ₹361 crore.

Bloomberg estimates peg the rail infrastructure major’s net profit at ₹394 crore. Revenue is expected to come in at ₹5,850 crore. EBITDA for the quarter ended June is estimated to be at ₹362 crore with a 9% margin.

See Also: Why BSE Shares Are Up 8% Despite Net Profit Nosediving 40%

The company’s public sector peer IRCON is also scheduled to post results later today. Shares of the company were upbeat ahead of the results.

RVNL Q4: The company's net profit for the March quarter was ₹478.40 crore. Revenue from operations for the March quarter reached ₹6,714 crore, up around 17% from the ₹5,720 crore posted in the corresponding quarter of the previous year.

Price Action: RVNL’s share price was down 1.33% to trade at ₹558.30 in early trade on Thursday.

Read Next: Analysts See Tata Motors Shares Reaching ₹1,300 And More, Bullish On Curvv Launch