RVNL — earnings call

The transcript as filed. Every paragraph is addressable: its link names the page and the position it sits at in the call.

Prepared remarks

“Rail Vikas Nigam Limited Q3 FY ’24 Results Conference Call” February 09, 2024

VIKAS NIGAM LIMITED · MR. SANJEEB KUMAR -- DIRECTOR FINANCE AND

MR. SANJEEB KUMAR -- DIRECTOR FINANCE AND CHIEF FINANCIAL OFFICER - RAIL VIKAS NIGAM LIMITED MS. KALPANA DUBEY -- COMPANY SECRETARY - RAIL

Moderator · Conference Operator

MR. VISHAL PERIWAL -- IDBI CAPITAL Rail Vikas Nigam Limited February 09, 2024

Ladies and gentlemen, good day and welcome to Rail Vikas Nigam Limited Q3 FY24 Earnings Conference Call hosted by IDBI Capital.

Ladies and gentlemen, kindly note the call will be for a duration of 45 minutes.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Vishal Periwal from IDBI Capital.

Thank you and over to you, sir.

Vishal Periwal

Yes, good afternoon everyone.

First of all, apologies for the delay in the start of the call.

So, from the RVNL management side, today we have with us Mr. Rajesh Prasadji, who is the Director Operations, Mr. Sanjeeb Kumarji, Director Finance and CFO and also in the team we have Ms. Kalpana Dubey, who is Company Secretary.

So, as usual, we'll have a brief from the management and then we'll have lines open for Q&A.

And due to time constraint with the management, so we'll have this call for 45 minutes.

Yes, so that's all.

Over to you, sir.

mark. · Management

Rail Vikas Nigam Limited February 09, 2024 Turnover in FY23-2014 -- 2013-14 was INR2,492 crores and 2022-23 was INR20,300 crores.

FY23-24, for the first time, it has crossed INR15,000 crores marks.

PAT in 2013-14 was INR157 crores.

In last year FY, we achieved INR1,268 crores.

And first three quarters in FY23-24 is INR1,030 crores.

Again, it is all-time high.

Now, if you see the commissioning part, the total railway infrastructure which was created up to 31st March 2014 was 5,100 kilometers.

And subsequently, after that, we have commissioned 11,000 kilometers of railway infrastructures.

Number of projects we had commissioned up to 2014, 40 numbers.

And after 14 -- 2014, we have commissioned 100 projects and handed over railways for the operation.

So, what I wanted to project is that, here is a company which has been rated excellent for the last 12 years by Department of Public Enterprises.

We have got an order book of around INR65,000 crores.

We will reconcile after 31st March, and then the exact numbers will be basically, we will be able to tell you.

We are involved in the complete project lifecycle that is the SLS, DPR, plans, GADs.

We have got the innovative models for execution, excellent contract management practices, and we have got a very lean setup.

We were earlier the government's biggest capex expander, and now we are transforming from the local rail infrastructure to global all infrastructure.

And if you see the performance of this particular company, in last five years, the PAT has become 2x.

Turnover in last 10 years is 10x.

Turnover in last 12 years is 14x.

So, you can understand that how this particular company has been performing.

In fact, the models in last few years have changed.

We have reformed, we have performed, and now we are transforming from the role of the contract manager to the contractor.

So, this is what exactly I thought I should brief in the beginning.

And now, we will take up the questions and then whatever may be the questions, then accordingly we will react and try to give the answers, whether it is a Q3 number, future prospects or anything.

So, now over to you, Vishal, to please ask questions, and the time limit is 45 minutes.

Moderator · Conference Operator

Thank you very much.

We will now begin the question and answer session.

Our first question is from the line of Harshit, from BMW Wealth Advisor.

Please go ahead.

Harshit

Good afternoon, sir.

So, I wanted to know about the current order book, and how we are looking at the future one or two years, in terms of orders that we are winning except for railways?

And an update on Vande Bharat trains as well?

Moderator · Conference Operator

Thank you.

Our next question is from the line of Rohit Natarajan from Antique.

Please go ahead.

Rohit Natarajan

So, my question is more to do with the South African order.

Like there is already a tender for Trans Kalahari $10 billion project as such.

What exactly is this project all about?

I mean, what is the status of the subsidiary that you have started?

Could you please elaborate more on that?

Moderator · Conference Operator

Thank you.

Our next question is from the line of Rohan, an individual investor.

Please go ahead.

Rohan

Hello.

Am I audible?

Moderator · Conference Operator

Thank you.

Our next question is from the line of Vishal from IDBI Capital.

Please go ahead.

Vishal

Yes, sir.

Thanks for the opportunity.

Sir, in order book, will this breakup be available in terms of sector-wise, how exactly it is segregated; railway, power and others?

Moderator · Conference Operator

Thank you.

Our next question is from the line of Dr. Manjoorahmed, an individual investor.

Please go ahead.

Manjoorahmed

Good afternoon, sir.

Moderator · Conference Operator

Thank you.

Due to time constraint, we will take last question from Smita from Kredent Info Edge.

Please go ahead.

Smita

Yes.

So, I wanted to ask one question, sir.

The bidding order that you are executing or you are bidding for, out of that, what percentage would you say that you are able to get it in bidding out of the total order that you are bidding for?

Moderator · Conference Operator

Thank you.

That was the last question for the day.

I now conclude the call on behalf of Rail Vikas Nigam Limited and conclude this conference.

Thank you for joining us and you may now disconnect your lines.