Shares of Rail Vikas Nigam Ltd (RVNL) fell 1% on 14th August after touching a day’s high of Rs 333.85, despite the firm announcing it had received a Letter of Acceptance (LOA) from Southern Railway for installing a Video Surveillance System (VSS) at 441 D and E category stations, along with upgrades at 43 stations in categories A1, A, B, and C.

The contract, valued at Rs 90.65 crore, will be executed within 18 months under general contract conditions and is part of RVNL’s regular business operations. Awarded by Southern Railway, it aims to boost surveillance infrastructure across the network.

In Q1 results, RVNL’s revenue fell 4.1% year-over-year to Rs 3,908 crore, while EBITDA dropped 71% to Rs 52 crore. Net profit declined 40% to Rs 134 crore, and EBITDA margin fell to 1.4% from 4.5%.

Compared to the previous quarter, revenue decreased by 35%, net profit declined by 71%, and EBITDA fell by nearly 90%, with margins down by over 500 basis points.

At 12:01 PM, the shares of RVNL were trading 0.98% lower at Rs 323.10 on NSE.

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