RVNL Rail Vikas Q1 FY26 results (Apr–Jun 2025) and concall
Rail Vikas Nigam Limited reported a challenging Q1 FY26 with a 3.42% revenue decline and a 13.57% gross margin dip, primarily due to a shift in project mix and one-time expenses of ₹60 crores. Despite this, the company maintains a strong order book of ₹1,01,000 crores and expects to exceed last year's full-year revenue. The Vande Bharat project prototype has been delayed by 10 months, now anticipated in June 2026, while JVs are beginning to contribute dividends.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 4,855 | 4,567 | 6,427 | 3,909 |
| EBITDA | 256 | 239 | 433 | 53 |
| Net profit | 287 | 312 | 455 | 134 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
