Rail Vikas Nigam Limited (RVNL) reported a mixed set of consolidated financial results for the third quarter, with modest growth in revenue and net profit, while operating performance showed some pressure on margins.
Rail Vikas Nigam Limited Q3FY26 performance overview
On a year-on-year basis, RVNL’s consolidated net profit rose by 3.7% to Rs 323 crore, compared with Rs 311 crore in the corresponding quarter last year. The improvement in profit came despite a softer operating performance, indicating better cost control below the EBITDA line.
Consolidated revenue for the quarter increased by 2.6% to Rs 4,684 crore from Rs 4,567 crore in Q3 of the previous financial year. The growth in topline reflects steady execution of railway infrastructure projects, though the pace remained moderate.
However, EBITDA declined by 7.8% year-on-year to Rs 221 crore, compared with Rs 239 crore reported in the same quarter last year. As a result, EBITDA margin slipped to 4.7% from 5.2% YoY, indicating margin compression during the quarter, possibly due to higher project execution costs and input-related pressures.
Alongside the financial results, RVNL announced an interim dividend of Rs 1 per share.
