Rail Vikas Nigam Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
RVNL reported standalone revenue of Rs 4,300 crore for Q1 FY27, up 9.62% year-on-year, with standalone EBITDA at Rs 171 crore versus Rs 81 crore in Q1 FY26 and standalone PAT of Rs 155 crore, up 21.72% year-on-year. The company's total order book stood at Rs 93,492 crore as on June 30, 2026, with order inflow of Rs 5,417 crore during the quarter. Management discussed progress on BharatNet, Vande Bharat sleeper trains, and the Rishikesh-Karnaprayag rail project, along with plans to pursue new orders across ports, hydro, highways and overseas markets.
RVNL reported standalone order inflow of INR 4,644 crore for Q4 FY26 and INR 5,875 crore for the full year, with a total order book of INR 99,262 crore as of March 31, 2026. Standalone revenue grew 47.6% quarter-on-quarter and 0.72% year-on-year, while EBITDA margin declined from 10.36% in Q3 to 5.83% in Q4 FY26, and PAT fell 32% year-on-year. Management attributed the margin pressure to a few onerous contracts and reconciliation adjustments relating to joint ventures, and said it expects margin improvement in the first quarter of FY27.