RVNL2024-01-012024-03-31 RVNL2024-01-012024-03-31 RVNL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member RVNL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member RVNL2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 542649 RVNL NOTLISTED Rail Vikas Nigam Limited Equity 2023-04-01 2024-03-31 2024-05-17 2024-05-10 INR Crores Yearly 12:30:00 16:40:00 2024-05-17 2024-05-17 true Cash Flow Indirect Declaration of unmodified opinion Single segment Development of Rail Infrastructure 2024-01-01 2024-03-31 Audited Consolidated 67140100000.00 2803000000.00 69943100000.00 61624900000.00 0.00 0.00 454700000.00 1503600000.00 43900000.00 497100000.00 64124200000.00 5818900000.00 0.00 5818900000.00 1455800000.00 9800000.00 1465600000.00 0.00 4353300000.00 0.00 0.00 0.00 430600000.00 4783900000.00 4300000.00 4788200000.00 4785600000.00 -1800000.00 4789900000.00 -1800000.00 20850200000.00 10 2.29 2.29 0.00 0.00 2.29 2.29 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 17th May, 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 audit of the above financial results for the year ended 31st March, 2024. 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. The Consolidated Financial results also include the financial information in respect of 4 (four) subsidiaries, 13 (Thirteen) Joint Ventures and 1 (One) Associate which have not been audited by their auditors. 4. The Company /Group operates in a single reportable operating segment Development of Rail Infrastructure as per Ind AS 108 - Operating Segments. 5. Balances of some of the Trade receivables, Other assets, Trade and Other payables accounts are subject to confirmations/reconciliations and consequential adjustment, if any. Reconciliations are carried out on on-going basis. Provisions wherever considered necessary have been made. However, management does not expect to have any material financial impact of such pending confimations/reconciliations. 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 President of India, acting through and represented by the Ministry of Railways, disinvested 5.36% (Offer Shares) of its holdings through an Offer for Sale (OFS) to retail and non-retail investors on July 26, 2023, and July 27, 2023. The OFS was successful. Additionally, the Department of Investment and Public Asset Management, via a letter dated August 1, 2023 offered 5,58,785 equity shares of Rs. 10 each to employees, representing approximately 0.5% of the Offer Shares, i.e., 5.36% of RVNL. Against the offer, employees exercised an option for 200 shares. The total holding of the Government of India as of March 31, 2024, is 72.84% (compared to 78.20% in the previous year). 8. 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. 9. The Board of Directors has recommended the final dividend of Rs. 2.11 per equity share having face value of Rs. 10 each for the financial year 2023-24, subject to the approval of the shareholders at the ensuing Annual General Meeting. Single segment 2023-04-01 2024-03-31 Audited Consolidated 218892300000.00 11855700000.00 230748000000.00 201818600000.00 0.00 0.00 1889100000.00 5684900000.00 209400000.00 1656300000.00 211258300000.00 19489700000.00 0.00 19489700000.00 4797000000.00 -2600000.00 4794400000.00 0.00 14695300000.00 0.00 0.00 0.00 1049400000.00 15744700000.00 2400000.00 15747100000.00 15743000000.00 1700000.00 15745400000.00 1700000.00 20850200000.00 10 66606600000.00 7.55 7.55 0.00 0.00 7.55 7.55 Other Expenses 497100000.00 Other Expenses 1656300000.00 1700000.00 288600000.00 937900000.00 0.00 0.00 3377400000.00 0.00 0.00 23951700000.00 100000000.00 0.00 40700000.00 65029500000.00 65170200000.00 139900000.00 4796300000.00 98662000000.00 0.00 0.00 10773800000.00 11040500000.00 20085900000.00 41500000.00 24329200000.00 66270900000.00 31187000000.00 97457900000.00 196119900000.00 20850200000.00 66606600000.00 87456800000.00 87458500000.00 55157700000.00 7383500000.00 62541200000.00 154900000.00 0.00 0.00 172100000.00 62868200000.00 4719900000.00 2500000000.00 14893600000.00 22113500000.00 23216600000.00 389200000.00 73900000.00 45793200000.00 108661400000.00 196119900000.00 5039500000.00 0.00 -1080800000.00 0.00 1158600000.00 -700000.00 2574600000.00 13312600000.00 0.00 -3703700000.00 0.00 8384100000.00 0.00 377800000.00 0.00 106800000.00 -160300000.00 -217800000.00 0.00 -1900000.00 0.00 10667500000.00 0.00 14000000.00 0.00 38000000.00 0.00 -1565200000.00 1049400000.00 14657500000.00 34147200000.00 0.00 0.00 0.00 4602900000.00 0.00 29544300000.00 0.00 3964800000.00 0.00 0.00 0.00 0.00 0.00 0.00 147400000.00 1163600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2240700000.00 0.00 0.00 0.00 0.00 0.00 3150300000.00 0.00 -9919500000.00 0.00 -13990900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3772900000.00 0.00 238200000.00 4439300000.00 4415200000.00 0.00 0.00 -12865600000.00 2687800000.00 -14000000.00 2673800000.00 8366700000.00 11040500000.00 5700000.00 3200000.00 1400000.00 800000.00