Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
"For 1QFY21, Rail Vikas Nigam (RVNL)'s top-line grew ~2% yoy to Rs2,911cr. Top-line was negatively impacted mainly due COVID-19 lockdown. On the operating front, the company reported contraction in margins, down 87bps yoy at 6.8%. Operating margin was impacted mainly due to lower revenue. On the bottom-line front, RVNL reported de-growth of ~23% yoy to Rs.141cr due to lower sales and poor operating performance."