Earnings call · Apr–Jun 2026
Rail Vikas Nigam Limited
RVNL reported Apr–Jun 2026 standalone revenue of ₹4,300 crore (up 9.62%) & PAT of ₹155 crore (up 21.72% from a year earlier), with EBITDA margin improving to 3.99% from 2.08%. The company targets ₹20,000 crore in new orders this year & expects FY27 revenue growth of 15% & profit growth of 15-20%.
The full notes: the guidance, numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Saleem Ahmad
- Mritunjay Pratap Singh
Questions came from
- Vishal PeriwalPL Capital
- AshutoshCentrum Broking
- Priyank ShahIndsec
- Sunil BhatChoice
- Abhishek LeekhaNeste Wealth LLP
- Prakhar Tibrewala
- Mayur Pednekar
Topics in this call
Opening remarks
Saleem Ahmad
Good evening, everyone. I extend our welcome to all of you to the RVNL’s Q1 FY2026-27 Earnings Call. It is my pleasure to have you with us as we share our performance and key developments for the quarter. The Indian infrastructure sector is witnessing strong growth, driven by sustained government investment, modernization, multimodal connectivity, and the transition towards green mobility, creating significant opportunities for RVNL.
The company remains committed to supporting the nation's infrastructure vision through high-quality, sustainable projects while diversifying its order book across transmission, roads and highways, ports and harbours, metros, solar energy, and overseas market. This diversified portfolio enhances RVNL’s resilience, extends growth opportunities, and positions of the company for sustained long-term value creation.
Read the whole call: 109 paragraphs, 7 analysts' questions with every answer, 6 marked passages.
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