Rail Vikas Nigam's Q2 FY 2025-26 Quarterly Results

Result Summary

• Rail Vikas Nigam Ltd reported a 28.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 3.8%.
• Its expenses for the quarter were up by 26.2% QoQ and 6.0% YoY.
• The net profit increased 71.6% QoQ and decreased 19.7% YoY.
• The earnings per share (EPS) of Rail Vikas Nigam Ltd stood at 1.1 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Rail Vikas Nigam Ltd (RVNL) is a prominent entity in the Indian infrastructure sector, primarily engaged in the development of railway projects. The company's portfolio encompasses project management services, including the execution of new railway lines, multi-tracking, gauge conversion, railway electrification, and significant development in metro rail and other railway projects. Operating within the transportation infrastructure industry, RVNL plays a crucial role in enhancing and expanding India's railway network. As of the latest available data, no specific recent major developments have been cited for RVNL. However, the company remains a key player in the government's initiatives to improve the country's railway infrastructure.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Rail Vikas Nigam Ltd reported a total income of ₹5333.36 crores. This marks a quarter-over-quarter (QoQ) increase of 28.9% from the first quarter of the fiscal year 2026 (Q1FY26), where the total income was ₹4136.96 crores. Year-over-year (YoY), there was a 3.8% increase compared to the second quarter of the fiscal year 2025 (Q2FY25), which recorded a total income of ₹5136.07 crores. This data reflects the company's ability to generate higher revenue compared to both the previous quarter and the same quarter in the previous year.

Profitability

Rail Vikas Nigam Ltd's profit before tax for Q2FY26 stood at ₹318.36 crores, showing a substantial QoQ growth of 94.1% from Q1FY26, which recorded a profit before tax of ₹164.04 crores. However, when compared to the same quarter in the previous year (Q2FY25), there is a YoY decline of 21.3% from ₹404.55 crores. After accounting for taxes, the profit after tax for Q2FY26 was ₹230.52 crores, which is a 71.6% increase from Q1FY26 (₹134.36 crores) but a 19.7% decrease from Q2FY25 (₹286.90 crores). The earnings per share (EPS) for Q2FY26 was ₹1.10, reflecting a 69.2% QoQ increase and a 20.3% YoY decrease.

Operating Metrics

An analysis of Rail Vikas Nigam Ltd's operating expenses reveals that total expenses for Q2FY26 were ₹5015.00 crores, which represents a 26.2% QoQ increase from ₹3972.92 crores in Q1FY26 and a 6.0% YoY increase from ₹4731.52 crores in Q2FY25. The tax expenses for Q2FY26 were ₹111.87 crores, showing a significant QoQ increase of 186.5% from ₹39.05 crores in Q1FY26 and a 9.2% YoY increase from ₹102.41 crores in Q2FY25. These figures indicate that while the company has experienced significant increases in both revenue and expenses on a quarterly basis, the YoY figures present a different picture in terms of profitability and tax burdens.