Rail Vikas Nigam July-September Profit Drops 20% on Higher Costs

Rail Vikas Nigam Ltd. reported a sharp drop in profit for the September quarter as higher expenses weighed on margins. Consolidated net profit declined nearly 20% on year to ₹2.3 billion from ₹2.87 billion a year ago — marking the second straight quarter of decline.

Revenue from operations rose 5.5% on year to ₹51.23 billion from ₹48.55 billion. However, operating performance remained weak, with EBITDA down 20% on year to ₹2.17 billion and margin narrowing to 4.2% from 5.6% in the same period last year.

The state-run company, which serves as the construction arm of the Ministry of Railways, executes key infrastructure projects across the country.