RVNL Rail Vikas Q3 FY26 results (Oct–Dec 2025) and concall
Rail Vikas Nigam Limited reported a Q3 FY26 top line of INR 4,936 crores and PBT of INR 359 crores, with 9M FY26 consolidated top line at INR 14,406 crores. The company maintains a strong order book of INR 87,000 crores, comprising INR 40,000 crores in railway nomination works and INR 47,000 crores in bidding-based projects. While FY26 is expected to see stagnant top line growth and potential margin pressure from bidding works, management guides for a 7% EBITDA margin and ~10% revenue growth for FY27, driven by robust project execution and diversification efforts.
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What they filed
Q3 FY26: revenue up 2.6%, net profit up 3.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 4,855 | 4,567 | 6,427 | 3,909 | 5,123 +6% | 4,684 +3% |
| EBITDA | 256 | 239 | 433 | 53 | 217 −15% | 221 −8% |
| Net profit | 287 | 312 | 455 | 134 | 231 −20% | 324 +4% |
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.
