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Rail Vikas Nigam (RVNL) investor relations material
Rail Vikas Nigam Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 revenue reached INR 4,936 crore with profit before tax at INR 359 crore; nine-month revenue at INR 14,406 crore and profit before tax at INR 841 crore.
Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 were approved, showing continued profitability and revenue growth year-over-year.
Order book stands at INR 87,000 crore, split between INR 40,000 crore in railway nomination works and INR 47,000 crore from bidding.
Management is focused on timely project completion, faster execution, and sustainable growth in both top and bottom lines.
An interim dividend of Rs. 1.00 per share (10% of paid-up share capital) was declared, payable by 6 March 2026.
Financial highlights
Standalone revenue from operations for Q3 FY26 was Rs. 4,934.59 crore, up from Rs. 4,503.97 crore in the previous quarter and Rs. 4,590.75 crore in Q3 FY25.
Standalone net profit for Q3 FY26 was Rs. 196.11 crore, compared to Rs. 264.23 crore in the previous quarter and Rs. 294.99 crore in Q3 FY25.
Consolidated revenue from operations for Q3 FY26 was Rs. 5,122.98 crore, up from Rs. 4,684.46 crore in the previous quarter and Rs. 4,567.38 crore in Q3 FY25.
Consolidated net profit for Q3 FY26 was Rs. 230.52 crore, compared to Rs. 324.14 crore in the previous quarter and Rs. 311.58 crore in Q3 FY25.
Earnings per share (EPS) for Q3 FY26 stood at Rs. 0.94 (standalone) and Rs. 1.10 (consolidated).
Outlook and guidance
FY26 expected to see flat revenue growth (1%-2%) and a dip in profit due to lower margins from bidding-based projects.
FY27 targeted for 10% annual growth in both revenue and profit, supported by a strong order book and industry tailwinds.
EBITDA margin guided at approximately 7% for the next year.
The company continues to focus on the development of rail infrastructure and has established a new wholly-owned subsidiary in Andhra Pradesh during the period.
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