Pradeep Gaur Chairman and Managing Director, Rail Vikas Nigam Ltd.
In Q2 FY24, the company’s revenue from operations registered a decline of 11.80 per cent on a QoQ basis, while the net profit of the company increased by 10.36 per cent. What were the contributing factors to the company’s performance?
The financial year 2023-24 has been an important year for the growth trajectory of RVNL as was 2022-23. The Q2FY24 numbers pertaining to revenue from operations have shown a slight downward due to transition in company business from Railway Ministry-assigned works to wider business including railways and beyond. However, things are picking up fast on wider business and this will look up sooner than later. Still, we have been making steady growth in the net profit, which is visible, both in terms of physical and financial performance in this financial year. Our competence has made us win several projects, domestically and internationally, the results of which will show up in our financials in the coming quarters. RVNL is determined to grow exponentially.
Could you provide insights into the company's order book and its execution plans? What is the target that the company aims to achieve for FY24?
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