RVNL shares slip 4% as Q1 profit plunges nearly 40%
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Shares of state-owned Rail Vikas Nigam Ltd (RVNL) dropped as much as 3.7% to Rs 316.75 on the BSE on Wednesday after the company posted a steep 40% year-on-year fall in June-quarter profit, reflecting weaker operational performance and revenue contraction. RVNL’s consolidated net profit after tax came in at Rs 134.36 crore for the quarter ended June 30, 2025, down from Rs 223.92 crore a year earlier. Revenue from operations declined 4% to Rs 3,908.77 crore from Rs 4,073.80 crore in the same period last year. The company said its total income fell 4.6% year-on-year to Rs 4,136.96 crore, underscoring pressure on the company’s topline. Profit before tax dropped 42.5% to Rs 173.41 crore in Q1 FY26 from Rs 301.61 crore in the year-ago quarter, while total expenses eased 1.57% to Rs 3,972.92 crore. Sequentially, net profit tumbled 70.74% from Rs 459.12 crore in the March 2025 quarter, signalling a sharp slowdown at the start of the fiscal year....