Dividend Stocks: Government Civil Construction Company- Railway Development Corporation Limited (RVNL) has announced to give dividend. This dividend will be available for FY 2024-25. The final dividend will be Rs 1.72 (17.20%) per share. This recommendation is dependent on the approval of shareholders in the upcoming AGM.
The company said in its exchange filing, “The company will be given a final dividend of Rs 1.72 (17.20 percent) per share for FY 2024-25. The decision is subject to the approval of shareholders in AGM.”
Record date and payment date
RVNL set a record date for dividend on August 21, 2025. The 22nd Annual General Meeting (AGM) will be held on August 28, 2025 on Thursday. The final dividend will be paid within 30 days from the date of declaration in AGM.
RVNL’s June quarter results
The results of the June quarter of Rail Development Corporation Limited (RVNL) were weak. The net profit was Rs 134 crore, which decreased by 40% on an annual basis. The company’s revenue came to Rs 3,908 crore, with a decline of 4.1%. The Ebitda was reduced to Rs 52 crore, which was 71% less annually, and the Ebitda margin also declined from 4.5% to 1.4%.
Share price and market value
RVNL shares closed at Rs 324.20 on August 14, which is 0.63% less than the previous closed 326.25 rupees. Indian stock markets were closed on Friday, August 15 due to Independence Day. According to the BSE website, the PE of this company has been more than 50 in the last four quarters. Rail Development Corporation is part of the BSE 200 index and its market valuation is Rs 67,596.35 crore.
What is RVNL’s business?
Rail Development Corporation Limited (RVNL) is the main infrastructure company of Indian Railways. It designs and fulfills various civil construction projects including new railway line construction, electrification, bridge and station upgradation. The company focuses on improving connectivity in the country and increasing transportation capacity through the expansion and modernization of railway networks.
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