RVNL To Report Q2 Earnings On Nov 7: What To Expect
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RVNL‘s share price was in the green on Wednesday thanks to a slew of orders the company has bagged over the past few days. The company is scheduled to report its earnings on Thursday.

What To Expect: IDBI Capital in its September quarter preview projects a 2% year-on-year decline in revenue, which is expected to reach ₹4,816 crore. This decline is attributed to lower project executions and slower growth in the company’s core segments.

In terms of profitability, RVNL’s EBITDA margins are expected to be 5.5%, reflecting a drop of 57 basis points. This contraction in margins is likely due to higher operational costs and project delays, which have impacted profitability.

See Also: Tata Steel Shares Tank Ahead Of Q2: Here’s What Analysts Expect

Net profit is forecast at ₹347.9 crore, showing some resilience despite the revenue and margin pressures. However, RVNL’s order book is anticipated to shrink further to ₹79,852 crore, with order inflow during the June-September period at ₹2,368 crore.

Antique Broking, on the other hand, expects the railway major to post a revenue of ₹5,160 crore, a 5% increase from the previous year’s figures. EBITDA is seen at ₹309.6 crore. Net profit is seen going down 10% To ₹355.8 crore.

Price Action: RVNL’s share price was up 2.87% to trade at ₹463.85 in early trade on Wednesday.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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