Rail Vikas Nigam Ltd. (RVNL) witnessed a significant surge in its share price, reaching a record high of Rs 399.9 on May 27, following its emergence as the lowest Bidder (L1) for a crucial project with Maharashtra Metro Rail Corporation Limited. The project entails constructing six elevated metro stations along Nagpur Metro’s Phase 2 route. RVNL’s positive momentum continued as it closed at Rs 378 on the NSE. The company’s Q4 results for the January-March period showcased robust performance, with a 17.4% increase in consolidated revenue, reaching Rs 6,714 crore. EBITDA rose by 21.8%, and profit after tax (PAT) surged by 33.2%, resulting in a margin increase from 6.6% to 6.8%. RVNL declared a dividend of 21.10%, reflecting its strong financial health. Over the past five years, RVNL shares have delivered extraordinary returns, up by over 1,350%, with a remarkable 250% increase in the last year alone. In 2024, RVNL shares have already soared by over 100%, underscoring its continued growth trajectory.
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