The Exchange had sought clarification from Rail Vikas Nigam Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Segment details not submitted The response of the Company is enclosed.
RVNL · price
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Awaiting price reaction for this filing.
RVNL replied to NSE's query about not providing segment-wise details in its Q4 FY25 results, explaining that under Ind AS 108 it has only one reportable operating segment — 'Development of Railway Infrastructure' — so separate segment disclosure is not required. The filing also includes the full audited standalone financial results for FY25. Revenue from operations fell 8.6% to Rs 19,869 crore (from Rs 21,733 crore in FY24), and net profit declined about 19% to Rs 1,189 crore, translating to EPS of Rs 5.70 versus Rs 7.02. The Board has recommended a final dividend of Rs 1.72 per share. The statutory auditor gave an unmodified opinion but highlighted emphasis-of-matter notes on a large Rs 1,356 crore receivable from JV company KRCL (including Rs 890 crore of disputed delayed-payment interest), a pending waiver on 5% departmental charges for KRCL, and unreconciled trade balances.
The segment clarification is routine and not material. However, shareholders should note the year-on-year decline in both revenue and profit, the shrinking margin, and the unresolved KRCL receivable matter flagged by auditors as items requiring attention. Dividend announcement provides some income support.