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Earnings Call

Rail Vikas Nigam Earnings Call: Key Takeaways

RVNL delivered strong Q4 revenue growth of 47.6% QoQ, yet profitability and margins collapsed due to onerous contracts and joint venture adjustments.

Highlights
Revenue growth47.6% QoQ standalone turnover increase; 0.72% YoY growth.
MarginsMargins contracted significantly to 5.83% due to specific project costs.
Order bookImpressive ₹99,262cr; includes railways, metro, and international projects.
Demand visibilityStrong; government focus on railway infrastructure provides long-term clarity.
Management confidenceBalanced, acknowledging margin pressure while optimistic about future project execution.

Growth

Standalone turnover surged 47.6% QoQ to ₹6,714cr, but EBITDA margins dropped from 10.36% to 5.83%.

Outlook

Guidance of 15-20% revenue growth for FY27 with expected margin improvement as old contracts conclude.

Risks

Onerous contracts, JV reconciliation losses, and ₹3,400cr receivable delays from the Ministry of Railways impact cash flow.

Source

Earnings Call filed with NSE, NSE: RVNL. Summary written with AI assistance from the document.

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Rail Vikas Nigam Ltd: key numbers

Share price
₹207.00
Market cap
₹43,160 Cr
Revenue (annual)
₹20,412 Cr
Net profit (annual)
₹874.7 Cr
P/E (TTM)
48.0×Sector 33.0×
Promoter holding
72.84%+0.00% QoQ
FII holding
2.41%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Rail Vikas Nigam Bags ₹404.9 Cr Order from East Coast Railway

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Rail Vikas Nigam Other Announcement

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Value
₹903.0 Cr
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Value
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Execution
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