Rail Vikas Nigam quarterly results and financials

Rail Vikas Nigam (RVNL)₹201.70+3.84%(9 Nov 2026 close)Civil Construction

Key facts

In the Jun 2026 quarter (consolidated), Rail Vikas Nigam reported sales of ₹4,313 Cr, up 10.5% from Jun 2025, and net profit of ₹160 Cr, up 19.4% year on year. For the year to Mar 2026, sales were ₹20,380 Cr and net profit ₹873 Cr.

Sales (Jun 2026): ₹4,313 Cr
Net profit (Jun 2026): ₹160 Cr
Sales (FY Mar 2026): ₹20,380 Cr
Net profit (FY Mar 2026): ₹873 Cr
EPS (Jun 2026): ₹0.75
Borrowings (Mar 2026): ₹4,817 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Rail Vikas Nigam quarterly results

₹ crore unless stated; each column is a quarter.

Rail Vikas Nigam Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	4,907	4,677	6,700	4,067	4,842	4,557	6,411	3,902	5,112	4,674	6,686	4,313
Expenses	4,604	4,432	6,247	3,882	4,587	4,322	5,983	3,850	4,894	4,457	6,414	4,130
Operating Profit	297	248	454	181	255	238	432	52.80	216	220	268	184
OPM %	6.0%	5.0%	7.0%	4.5%	5.0%	5.0%	7.0%	1.4%	4.2%	4.7%	4.0%	4.3%
Other Income	319	356	322	263	280	325	235	237	233	307	88.69	147
Interest	133	139	150	137	141	145	117	108	100	105	98.24	98.29
Depreciation	5.99	4.99	3.99	6.98	6.98	6.99	8.98	8.99	8.98	8.99	9.99	9.98
Profit before tax	479	462	624	302	388	413	543	173	341	414	250	224
Tax %	17.9%	21.9%	22.9%	25.9%	25.9%	24.9%	15.9%	22.9%	32.9%	21.9%	26.9%	28.9%
Net Profit	395	360	479	225	287	312	456	134	232	325	182	160
EPS (Rs)	1.88	1.71	2.29	1.06	1.37	1.48	2.17	0.64	1.09	1.54	0.89	0.75

Rail Vikas Nigam profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Rail Vikas Nigam Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4,531	5,898	7,583	10,044	14,496	15,363	19,345	20,225	21,832	19,873	20,380	20,785
Expenses	4,316	5,680	7,202	9,519	13,735	14,490	18,167	19,009	20,490	18,758	19,607	19,896
Operating Profit	216	227	381	529	771	876	1,179	1,240	1,350	1,127	764	889
OPM %	4.8%	3.9%	5.0%	5.0%	5.0%	6.0%	6.0%	6.0%	6.0%	6.0%	3.8%	4.3%
Other Income	179	355	330	364	245	805	828	1,073	1,262	1,087	866	775
Interest	23.05	35.07	45.08	52.10	41.10	459	565	582	569	546	420	402
Depreciation	4.99	4.99	4.99	5.99	19.95	22.95	20.95	21.95	20.97	30.94	35.96	37.94
Profit before tax	369	542	663	838	956	1,205	1,428	1,717	2,025	1,645	1,179	1,229
Tax %	18.9%	17.9%	13.9%	17.9%	20.9%	17.9%	21.9%	21.9%	23.9%	21.9%	25.9%	—
Exceptional items	0.00	43.95	4.99	9.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	430	444	571	689	759	994	1,112	1,345	1,553	1,281	873	899
EPS (Rs)	2.05	2.12	2.72	3.29	3.62	4.75	5.31	6.43	7.43	6.12	4.19	4.27
Dividend payout %	9.0%	58.1%	29.0%	27.0%	31.0%	33.1%	34.1%	33.1%	28.1%	28.1%	41.1%	—

Rail Vikas Nigam balance sheet

₹ crore, at each year end.

Rail Vikas Nigam Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2,086	2,091	2,082	2,083	2,085	2,081	2,081	2,084	2,081	2,082	2,082	2,084
Reserves	977	1,341	1,471	1,838	2,313	3,030	3,548	4,241	5,154	6,630	7,482	7,739
Borrowings	2,517	2,631	2,433	2,255	3,023	4,249	5,921	6,635	6,427	6,022	5,415	4,817
Other Liabilities	10,510	16,094	2,852	2,091	4,647	3,005	2,641	7,063	4,634	4,799	5,466	7,028
Total Liabilities	16,090	22,158	8,838	8,266	12,068	12,365	14,191	20,024	18,296	19,533	20,444	21,669
Fixed Assets	5.99	5.99	7.99	249	279	304	292	379	355	367	1,026	1,024
CWIP	2.01	6.01	13.03	21.03	11.02	25.05	53.08	1.01	1.01	94.12	0.00	0.00
Investments	894	1,022	1,087	1,230	1,584	1,586	1,726	1,806	1,902	2,378	2,551	2,641
Other Assets	15,188	21,124	7,731	6,767	10,194	10,449	12,119	17,838	16,039	16,694	16,867	18,004
Inventories	11,540	14,774	764	1.99	3.99	8.97	22.95	49.83	58.81	64.77	0.00	118
Trade receivables	188	482	481	716	641	839	983	941	973	1,071	1,788	5,391
Cash & equivalents	1,297	3,042	2,716	1,409	947	986	2,055	6,848	1,860	3,123	3,900	972
Total Assets	16,090	22,158	8,838	8,266	12,068	12,365	14,191	20,024	18,296	19,533	20,444	21,669

Rail Vikas Nigam cash flow

₹ crore, for each year.

Rail Vikas Nigam Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	113	654	573	−364	−697	−964	420	4,807	−4,074	2,964	1,887	−1,896
Cash from investing activity	−28.92	99.74	−24.95	35.92	319	124	311	−1,427	1,351	−1,398	1,625	940
Cash from financing activity	−152	−182	−668	−581	319	827	416	−189	−1,049	−1,287	−1,487	−1,623
Net cash flow	−68.08	571	−123	−909	−56.06	−11.02	1,149	3,177	−3,764	267	2,025	−2,575
Capex	10.01	18.01	178	91.12	26.01	21.02	143	116	61.06	341	433	61.07
Free cash flow	104	634	385	−454	−721	−983	277	4,684	−4,127	2,630	1,451	−1,949
CFO / OP %	112.0%	542.9%	372.0%	−66.1%	−101.0%	−105.1%	65.0%	430.0%	−295.0%	252.0%	207.0%	−208.1%

Rail Vikas Nigam ratios

Working-capital days and returns, by year.

Rail Vikas Nigam Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	23	40	31	35	24	22	24	19	18	19	34	97
Cash conversion cycle	21	38	29	33	22	20	22	17	16	17	32	95
Working capital days	267	50	21	70	99	122	129	15	49	34	39	98
ROCE %	—	7.1%	9.1%	12.1%	13.1%	12.1%	16.1%	16.1%	17.1%	18.1%	15.1%	11.1%

Rail Vikas Nigam: frequently asked questions

What are the latest quarterly results of Rail Vikas Nigam?

For the Jun 2026 quarter, Rail Vikas Nigam reported sales of ₹4,313 Cr, up 10.5% year on year and net profit of ₹160 Cr, up 19.4% year on year. The operating margin was 4.3%.

What is the annual revenue of Rail Vikas Nigam?

Rail Vikas Nigam's sales for the year to Mar 2026 were ₹20,380 Cr; over the last twelve months they were ₹20,785 Cr.

What is the net profit of Rail Vikas Nigam?

Net profit for the year to Mar 2026 was ₹873 Cr, and ₹899 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.27.

How much debt does Rail Vikas Nigam have?

Rail Vikas Nigam reported borrowings of ₹4,817 Cr at Mar 2026, against cash and equivalents of ₹972 Cr.

What is the free cash flow of Rail Vikas Nigam?

Cash from operations was −₹1,896 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1,949 Cr.

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