RVNL Rail Vikas Q2 FY26 results (Jul–Sep 2025) and concall
Rail Vikas Nigam Limited reported a robust order book of INR90,000 crores as of Q2 FY26, ensuring significant revenue visibility. While H1 saw impacted EBITDA margins due to a higher mix of bidding projects and negative operating cash flow from unbilled revenues, management expects improvements in cash flow from December and aims to enhance margins through strategic shifts and international expansion. The company maintains its FY26 revenue guidance and is actively pursuing new opportunities in diversified sectors and global markets.
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What they filed
Q2 FY26: revenue up 5.5%, net profit down 19.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 4,855 | 4,567 | 6,427 | 3,909 | 5,123 +6% |
| EBITDA | 256 | 239 | 433 | 53 | 217 −15% |
| Net profit | 287 | 312 | 455 | 134 | 231 −20% |
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.
