Rail Vikas Nigam announced its Q2 results on Thursday after the market closed.

What Happened: RVNL reported a 27.12% decline in consolidated net profit to ₹286.89 crore in the September quarter. The railway major’s revenue fell 1.2% to ₹4,854.95 crore. The numbers missed the street’s estimates for the company.

Analysts expected the company’s net profit to come between ₹347.9 crore and ₹355.8 crore and revenue between ₹4,816 crore and ₹5,160 crore. Analysts anticipated a decline in revenue and profit for the company due to lower project executions and slower growth in the company's core segments.

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RVNL recently won multiple orders which include a ₹5,008.20 crore project with BSNL and a ₹613 crore rail infrastructure project in Karnataka.

Price Action: RVNL shares closed 1.38% up to ₹476.15 on Thursday. RVNL’s shares had a strong run in recent days due to the order wins, climbing 161% in the year so far.

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