RVNL Rail Vikas Q4 FY26 results (Jan–Mar 2026) and concall
Rail Vikas Nigam Limited reported a mixed Q4 FY26, characterized by a robust order book of INR 99,262 crore and strong standalone order inflows. However, profitability was significantly impacted by onerous contracts and reconciliation adjustments, leading to a sharp decline in standalone EBITDA and PAT margins. The company anticipates a revenue growth of 15-20% and improved margins in FY27, despite expecting Q1 FY27 to be slightly challenging. Liquidity was affected by pending government receivables, which have since been received.
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What they filed
Q4 FY26: revenue up 4.2%, net profit down 60.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,855 | 4,567 | 6,427 | 3,909 | 5,123 +6% | 4,684 +3% | 6,696 +4% |
| EBITDA | 256 | 239 | 433 | 53 | 217 −15% | 221 −8% | 269 −38% |
| Net profit | 287 | 312 | 455 | 134 | 231 −20% | 324 +4% | 182 −60% |
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.
