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RVNL shares fall over 4% after Q1 profit declines 35% YoY
Rail Vikas Nigam's shares dropped 4.5% to Rs 514 as the company posted a 35% year-on-year decline in net profit for the first quarter of the fiscal year 2024. The firm's revenue also declined by 27%, reaching Rs 4,074 crore. EBITDA fell 48% YoY, reducing profit margins.