Rail Vikas Nigam 3QFY21 Result Update By Amarjeet Maurya, Angel Broking
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Below are Views On Rail Vikas Nigam 3QFY21 Result Update By Mr. Amarjeet Maurya, AVP – Mid Caps, Angel Broking Ltd
“During the 3QFY21, Rail Vikas Nigam Ltd (RVNL)’s reported sales growth of ~1% to Rs3,732cr. On the EBITDA front, the company reported margin improvement (up by 159bp YoY to 9.4%) back lower operating expenses. RVNL reported net profit growth of ~42% YoY to Rs281cr due to strong operating performance. 3Q Results were in line with expectation. Hence we are positive on stock.”
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