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Rail Vikas Nigam Limited Q4 FY26 earnings call summary

NSE: RVNL · BSE: 542649

Earnings call of 26 May 2026, summarised by AI from the filing.

Management expects 15-20% revenue growth and margin improvement in FY27, with Q1 FY27 slightly challenging.

Key takeaways

  1. FY27 guidance Management expects 15-20% revenue growth and margin improvement in FY27, with Q1 FY27 slightly challenging.
  2. Order book Order book stood at ₹99,262 cr as on March 31, 2026, with railways contributing ₹57,000 cr.
  3. Margin recovery Onerous contracts and JV reconciliation impacted Q4; management expects margins to improve from Q1 FY27.
  4. Cash flow Cash flow was negative due to ₹3,400 cr MoR receivables not received in FY26, now received in April.

Original filing on BSE

Rail Vikas Nigam Limited Q1 FY27 results

As filed: Revenue ₹4,321 cr (+11% year on year), EBITDA ₹185 cr (+248% year on year), PAT ₹160 cr (+19% year on year), EBITDA margin 4.3% (+292 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹6,696 cr (+4% year on year), EBITDA ₹269 cr (−38% year on year), PAT ₹182 cr (−60% year on year), EBITDA margin 4.0% (−273 bps). Score 22 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 273 bps year on year. Other income 35% of PBT. Profit fell 44% from last quarter. Share price after the results: −11.9% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹4,684 cr (+3% year on year), EBITDA ₹221 cr (−8% year on year), PAT ₹324 cr (+4% year on year), EBITDA margin 4.7% (−52 bps). Score 44 of 100, In line with trend. Revenue, EBITDA and profit growth were in line with the company's own trend. EBITDA margin fell 52 bps year on year. Other income 70% of PBT. Revenue fell 9% from last quarter. Share price after the results: −9.7% in 29 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹5,123 cr (+6% year on year), EBITDA ₹217 cr (−20% year on year), PAT ₹231 cr (−20% year on year), EBITDA margin 4.2% (−137 bps). Score 41 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 137 bps year on year. Other income 66% of PBT. Tax rate 35%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −1.8% in 30 days (Nifty 500: −0.6%).
  • Q1 FY26: Revenue ₹3,909 cr (−4% year on year), EBITDA ₹53.0 cr (−71% year on year), PAT ₹134 cr (−40% year on year), EBITDA margin 1.4% (−309 bps). Score 13 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 309 bps year on year. Other income 139% of PBT. Revenue fell 39% from last quarter. Share price after the results: −2.1% in 30 days (Nifty 500: +2.1%).
  • Q4 FY25: Revenue ₹6,427 cr (−4% year on year), EBITDA ₹433 cr (−5% year on year), PAT ₹459 cr (−4% year on year), EBITDA margin 6.7% (−5 bps). Score 39 of 100, Below trend. Revenue, EBITDA and profit growth were in line with the company's own trend. EBITDA margin was flat year on year. Other income 38% of PBT. Share price after the results: −5.2% in 30 days (Nifty 500: +1.4%).
  • Q3 FY25: Revenue ₹4,567 cr (−3% year on year), EBITDA ₹239 cr (−4% year on year), PAT ₹312 cr (−13% year on year), EBITDA margin 5.2% (−8 bps). Score 39 of 100, Below trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was below it. EBITDA margin was flat year on year. Other income 76% of PBT. Revenue fell 6% from last quarter.
  • Q2 FY25: Revenue ₹4,855 cr (−1% year on year), EBITDA ₹272 cr (−9% year on year), PAT ₹287 cr (−27% year on year), EBITDA margin 5.6% (−46 bps). Score 15 of 100, Below trend. EBITDA margin fell 46 bps year on year. Other income 69% of PBT. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Rail Vikas Nigam Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.