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Earnings Call

Rail Vikas Nigam Earnings Call: Key Takeaways

RVNL Q4FY26 results showed strong revenue growth but significant margin pressure. Management is pivoting towards PMC works and bidding for 5-10% profit margins.

Why this was an Alfa AlertNot a filter event. Management guided future growth but did not report a 10%+ beat over prior guidance.
Highlights
Revenue growthStandalone up 4.78% YoY; Consolidated up 2.45% YoY.
MarginsPressure in Q4; targets 5-10% profit on new bidding works.
Order bookRailways ₹57k Cr, Signaling ₹14.9k Cr, Metros ₹9.9k Cr.
Demand visibilityStrong multiyear execution visibility with ₹99,262 Cr order book.
Management confidenceConfident in 15-20% revenue growth and margin recovery in FY27.

Growth

Standalone Q4 revenue up 47.6% QoQ and 4.78% YoY. Consolidated turnover grew 2.45% YoY.

Outlook

Guided 15-20% revenue growth for FY27 with improved margins. Order book stands at ₹99,262 crore.

Risks

EBITDA margin dropped to 5.83% from 10.36% QoQ due to onerous contracts and JV reconciliation adjustments.

Source

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

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Rail Vikas Nigam Limited: 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.

More from Rail Vikas Nigam Limited

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19:12 IST BSE
New Order Win

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

Rail Vikas Nigam Ltd secured an order from East Coast Railway worth ₹404.88 Crore. The project involves railway infrastructure works to be executed within 912 days.

Value
₹404.9 Cr
From
East Coast Railway
Execution
912 Days
18:08 IST BSE
Other Announcement

Rail Vikas Nigam Other Announcement

Rail Vikas Nigam Limited has appointed M/s. Gandhi Minocha & Co., Chartered Accountants, as the Statutory Auditor of the Company for the financial year 2026-27.

19:52 IST NSE
New Order Win

Rail Vikas Nigam Bags ₹903 Cr Order from SJVN Thermal Private Limited

Rail Vikas Nigam Limited secured a ₹903.01 Crore contract from SJVN Thermal Private Limited to build a permanent siding for the Buxar Thermal Power Project.

Value
₹903.0 Cr
From
SJVN Thermal Private Limited
Execution
36 Months
16:06 IST NSE
New Order Win

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

Rail Vikas Nigam Limited emerged as the lowest bidder for a project from East Coast Railway. The project is valued at approximately ₹404.88 Crore.

Value
₹404.9 Cr
From
East Coast Railway
Execution
30 Months