RVNL Share Price Drop 3% Ahead of Q3 FY25 Results

Rail Vikas Nigam Ltd (RVNL) shares dropped over 3% in early trading on Friday, February 14, 2025, as investors awaited the company’s Q3 FY25 results. The stock fell as much as 3.24%, reaching ₹366.65 on the BSE.

RVNL’s board of directors was scheduled to meet on February 12, 2025, but the meeting was postponed and rescheduled to February 14, 2025. The meeting is set to approve the unaudited financial results for the quarter ending December 31, 2024.

RVNL’s Stock Performance and Outlook

The RVNL stock has faced a 14% decline year-to-date (YTD) and a 33% drop in the last 6 months. Over the past year, the stock has delivered 48% returns and 428% returns in the past 2 years. However, its price has been on a downtrend since reaching a peak of ₹644 in July 2024, correcting almost 47%.

Recent Project Wins and Upcoming Board Meeting

On February 7, Rail Vikas Nigam Limited secured a ₹210.78 crore project from South Eastern Railway for the design, supply, erection, testing, and commissioning of an upgraded electric traction system (from 1×25 KV to 2×25 KV) on the Kharagpur (Excl.)-Tatanagar (Incl.) section. This upgrade aims to meet a 3000 MT loading target for the Kharagpur/Chakradharpur division.

Additionally, on February 4, the company received a Letter of Acceptance (LoA) for a ₹404.40 crore project from East Coast Railway.

A board meeting has been scheduled for February 12, 2025, to review and approve the unaudited financial results (standalone and consolidated) for the quarter and nine months ending December 31, 2024.

About Rail Vikas Nigam Limited

RVNL is a public sector enterprise in India that serves as the Ministry of Railways’ construction division and is responsible for implementing projects and developing transportation infrastructure.

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