RVNL2023-10-012023-12-31 RVNL2023-10-012023-12-31 RVNL2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member RVNL2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member RVNL2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 542649 RVNL NOTLISTED Rail Vikas Nigam Limited Equity 2023-04-01 2024-03-31 2024-02-08 2024-01-25 INR Crores Third quarter 12:30:00 16:15:00 2024-02-08 2024-02-08 Not applicable Single segment Development of Rail Infrastructure 2023-10-01 2023-12-31 Unaudited Consolidated 46893300000.00 3276400000.00 50169700000.00 43399600000.00 0.00 0.00 508100000.00 1393800000.00 48300000.00 494600000.00 45844400000.00 4325300000.00 0.00 4325300000.00 1074600000.00 -34800000.00 1039800000.00 0.00 3285500000.00 0.00 0.00 0.00 300200000.00 3585700000.00 -600000.00 3585100000.00 3585700000.00 0.00 3585100000.00 0.00 20850200000.00 10 1.72 1.72 0.00 0.00 1.72 1.72 1. The above Standalone/ Consolidated financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meeting held on 8th February, 2024. 2. As required under Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations 2015 (as amended), the Statutory Auditors of the Company have conducted a limited review of the above financial results for the quarter ended 31st December, 2023. 3.The Standalone/Consolidated financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and other recognized accounting practices and policies to the extent applicable. 4. The Company /Group operates in a single reportable operating segment Development of Rail Infrastructure as per Ind AS 108 - Operating Segments. 5. Pursuant to the introduction of Section 115BAA of the Income Tax Act,1961 ( New Tax Regime ), the Company has an option to pay corporate income tax at a lower rate of 22% plus applicable surcharge and cess as against the currently applicable rate of 30% plus surcharge and cess. In the quarter ended 30th September, 2023, the Company has elected to adopt New Tax Regime from Financial year 2023-24 onwards. Accordingly, current tax expense for the quarter and nine months ended 31st December, 2023 is not comparable with the reported tax expense for the quarter ended 30th September, 2023, 31st December, 2022 and nine months ended 31st December, 2022 as well as the year ended 31st March, 2023. 6. In respect of Krishnapatnam Railway Company Limited (KRCL), RVNL is entitled for departmental charges @ 5% of the total cost of work as per the detailed estimate/revised estimate/completion estimate as provided in paragraph 1137 of the Code for Engineering Department of Indian Railways. RVNL has received representation from KRCL for waiver of the aforesaid departmental charges apart from other relaxations from contractual obligations. Based on the representation made by KRCL, the management of the Company has decided to keep in abeyance the claim of the said departmental charges, pending detailed review of the subject matter by the Board of Directors of the Company. 7. The Consolidated results for the Financial year 2022-23 have been restated, showing a decrease to the extent of Rs.78.92 Crore. This adjustment represents the difference between the provisional and audited financials of SPVs', which were received after the finalization of the financial statement for the Financial year 2022-23. The share of profit in SPVs' for the Financial year 2022-23, was calculated based on provisional accounts. 8. Wherever necessary, figures for the previous periods/ year have been regrouped, reclassified/recasted to conform to the classification of the current period/year. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 151752200000.00 9052700000.00 160804900000.00 140193700000.00 0.00 0.00 1434400000.00 4181300000.00 165500000.00 1159200000.00 147134100000.00 13670800000.00 0.00 13670800000.00 3341200000.00 -12400000.00 3328800000.00 0.00 10342000000.00 0.00 0.00 0.00 618800000.00 10960800000.00 -1900000.00 10958900000.00 10957300000.00 0.00 10955400000.00 3500000.00 20850200000.00 10 5.26 5.26 0.00 0.00 5.26 5.26 Other Expenses 494600000.00 Other Expenses 1159200000.00 -800000.00 -2500000.00 -200000.00 -600000.00