Shares of Rail Vikas Nigam Limited declined sharply in early trade on Tuesday, May 26, after the company reported a steep fall in profitability for the fourth quarter of FY26. Weak operating performance and margin contraction weighed on investor sentiment despite modest revenue growth.

As of 9:16 AM IST, RVNL shares were trading over 3% lower during the session.

The stock touched an intraday low of ₹261.05 and a high of ₹265.05 so far during the trading session. The stock opened at ₹263.95 against the previous close of ₹272.45. Live traded volume stood at 13,96,552 shares.

On a 52-week basis, RVNL shares have touched a low of ₹248.00 and a high of ₹442.80.

RVNL Q4FY26 Results

RVNL reported a consolidated net profit of ₹187 crore in the March quarter, down 58.9% compared to ₹455 crore reported in the corresponding quarter of the previous financial year.

Revenue from operations stood at ₹6,696 crore during Q4FY26, registering a growth of 4.2% from ₹6,427 crore reported in Q4FY25.

At the operating level, EBITDA declined 38.4% year-on-year to ₹269 crore against ₹436 crore in the year-ago period.

The company’s EBITDA margin narrowed sharply to 4% in the March quarter from 6.8% in the corresponding quarter last year, reflecting pressure on operational efficiency and profitability.

The weak earnings performance comes amid continued focus on execution and margin trends in infrastructure and railway-related projects.

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TOPICS: RVNL