RVNL Q2: Profit slides 27%, revenue slips slightly as margins narrow

State-run Rail Vikas Nigam Ltd (RVNL) reported a 27% YoY decline in net profit to ₹287 crore in Q2 FY25, with revenue also falling slightly amid lower operating margins.

State-run Rail Vikas Nigam Ltd (RVNL) reported a 27% YoY decline in net profit to ₹287 crore in Q2 FY25, with revenue also falling slightly amid lower operating margins.

US Fed Meeting LIVE Updates: The US Federal Reserve is expected to announce a 25-basis-point rate cut on Thursday (November 7), at the conclusion of its two-day FOMC meeting.

On a consolidated basis, NCC reported an Earnings Per Share of ₹2.6 for the September quarter, compared to ₹1.23 during the September quarter last year.

Brokerage firm Jefferies noted that while there have been some drags in the credit business, the strong performance in renewal revenues has offset these challenges, positioning PB Fintech favourably in the market. The upbeat outlook from Jefferies comes on the…

Escorts Kubota’s Earnings Before Interest, Tax, Depreciation and Amortisation stood at ₹265 crore, which was flat as against ₹264 crore reported in the year-ago quarter. Margins too were flat at 10.6%.

On the Multi Commodity Exchange, December silver contracts slid by 0.04%, reflecting cautious sentiment.

The Nifty 50 index fell 285 points, or 1.2%, to close at 24,199, while the Sensex shed 836 points, or 1.0%, to end at 79,542.

HCL Technologies will implement Microsoft Dynamics 365 to enhance digital interactions for New Zealand’s Tasman District Council, leveraging AI to streamline processes and provide greater accessibility for residents.

Revenue rose 3% on-year to ₹982 crore despite sluggish retail demand and sustained B2B traction.

This transaction is expected to be completed within 30 days.