Rail Vikas Nigam Limited (NSE: RVNL)

Rail Vikas Nigam Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	203,321	218,892	202,816	193,817	154,038	145,306
Revenue	203,321	218,892	202,816	193,817	154,038	145,306
Revenue Growth (YoY)	-4.17%	7.93%	4.64%	25.82%	6.01%	44.31%
Cost of Revenue	187,962	201,819	187,201	179,024	142,294	134,158
Gross Profit	15,359	17,074	15,615	14,794	11,744	11,148
Selling, General & Admin	2,055	2,058	2,162	2,185	2,184	2,210
Other Operating Expenses	1,462	1,229	988.8	777.3	761	1,073
Operating Expenses	3,752	3,497	3,374	3,172	3,174	3,486
Operating Income	11,607	13,577	12,241	11,622	8,569	7,662
Interest Expense	-5,677	-5,685	-5,814	-5,637	-4,581	-998.5
Interest & Investment Income	5,647	5,647	4,280	2,346	2,231	2,745
Earnings From Equity Investments	592.1	1,049	801.1	309.1	687.2	-132.3
Other Non Operating Income (Expenses)	5,615	5,950	5,685	5,656	4,661	300.7
EBT Excluding Unusual Items	17,784	20,539	17,193	14,296	11,567	9,577
Other Unusual Items	-	-	-	-	500	-
Pretax Income	17,784	20,539	17,193	14,296	12,067	9,577
Income Tax Expense	4,306	4,794	3,775	3,195	2,151	2,010
Earnings From Continuing Operations	13,478	15,745	13,418	11,101	9,916	7,567
Minority Interest in Earnings	1.6	-1.7	-	-	-	-
Net Income	13,479	15,743	13,418	11,101	9,916	7,567
Net Income to Common	13,479	15,743	13,418	11,101	9,916	7,567
Net Income Growth	-8.85%	17.33%	20.86%	11.96%	31.05%	10.02%
Shares Outstanding (Basic)	2,086	2,085	2,085	2,085	2,085	2,085
Shares Outstanding (Diluted)	2,086	2,085	2,085	2,085	2,085	2,085
Shares Change (YoY)	0.06%	-	-	-	0.00%	-0.00%
EPS (Basic)	6.46	7.55	6.44	5.32	4.76	3.63
EPS (Diluted)	6.46	7.55	6.44	5.32	4.76	3.63
EPS Growth	-8.88%	17.32%	20.96%	11.87%	31.05%	10.02%
Free Cash Flow	8,752	26,140	-41,252	46,771	2,765	-9,792
Free Cash Flow Per Share	4.19	12.54	-19.78	22.43	1.33	-4.70
Dividend Per Share	-	2.110	2.130	1.830	1.580	1.140
Dividend Growth	-	-0.94%	16.39%	15.82%	38.60%	1166.67%
Gross Margin	7.55%	7.80%	7.70%	7.63%	7.62%	7.67%
Operating Margin	5.71%	6.20%	6.04%	6.00%	5.56%	5.27%
Profit Margin	6.63%	7.19%	6.62%	5.73%	6.44%	5.21%
Free Cash Flow Margin	4.30%	11.94%	-20.34%	24.13%	1.79%	-6.74%
EBITDA	11,701	13,646	12,325	11,710	8,651	7,694
EBITDA Margin	5.75%	6.23%	6.08%	6.04%	5.62%	5.29%
D&A For EBITDA	93.7	68.9	84.2	88	81.5	31.8
EBIT	11,607	13,577	12,241	11,622	8,569	7,662
EBIT Margin	5.71%	6.20%	6.04%	6.00%	5.56%	5.27%
Effective Tax Rate	24.21%	23.34%	21.96%	22.35%	17.83%	20.99%
Revenue as Reported	214,841	230,748	212,780	201,820	161,430	147,763
Advertising Expenses	-	72.3	162	62.9	37.5	67.4

Source: S&P Capital IQ. Standard template. Financial Sources.