Shares of Rail Vikas Nigam Limited (RVNL) will be in focus heading into trade on Tuesday after it reported a standalone net profit of Rs 212 crore for the quarter ended March, down 43% from Rs 373 crore recorded in the same period last year.
Revenue for Q4FY26 rose 5% year-on-year to Rs 6,648 crore compared with Rs 6,345 crore in the corresponding quarter of the previous financial year.
On a sequential basis, profit after tax declined 20% from Rs 264 crore posted in Q3FY26. Revenue, however, increased sharply by 48% quarter-on-quarter from Rs 4,504 crore reported in the October-December quarter.
For the full financial year FY26, standalone profit after tax fell 33% to Rs 800 crore from Rs 1,198 crore in FY25. Revenue for the year stood at Rs 19,869 crore, registering a marginal increase over the previous year.
The company’s total expenses during the March quarter came in at Rs 6,535 crore, compared with Rs 4,386 crore in the previous quarter and Rs 6,081 crore in the year-ago period. Expenses rose 49% sequentially and 7% year-on-year, mainly on account of material consumption, employee benefits and finance costs.
Total assets increased to Rs 20,588 crore in FY26 from Rs 19,485 crore in FY25. The company reported a negative cash flow of Rs 1,923 crore during FY26, compared with a negative cash flow of Rs 1,920 crore in the previous financial year.
On a consolidated basis, net profit dropped 60% year-on-year to Rs 182 crore in Q4FY26 from Rs 455 crore a year earlier. Sequentially, consolidated profit fell 44%. Consolidated revenue rose 43% quarter-on-quarter to Rs 6,696 crore from Rs 4,684 crore in Q3FY26, while also increasing 4% year-on-year compared with Rs 6,427 crore in Q4FY25.
The company’s board has recommended a final dividend of Rs 0.71 per share for FY26, subject to shareholder approval at the upcoming Annual General Meeting. The dividend will be paid within 30 days from the date of declaration at the AGM.
RVNL shares are down 16% in the last six months and down about 25% since the start of 2026.
