Mumbai: Rail Vikas Nigam Limited (RVNL), a leading railway infrastructure PSU, announced its unaudited financial results for Q3 FY2026, reporting steady performance and declaring an interim dividend for shareholders.
Q3 FY2026 Consolidated Financial Highlights
For the quarter ended December 31, 2025, RVNL reported:
- Net Profit: ₹324.14 crore – up 4% YoY from ₹311.58 crore
- Revenue from Operations: ₹4,684.46 crore – 2.6% YoY growth
- Profit Before Tax (PBT): ₹415.12 crore – 0.5% YoY increase
- Earnings Per Share (EPS): ₹1.55
- Total Income: ₹4,936.14 crore
Nine-month performance (Apr-Dec 2025) saw net profit at ₹689 crore, reflecting a 16.2% decline YoY, while revenue rose modestly by 1.6% to ₹13,716.21 crore.
Read also: Railway Board Approves Deputation of IRAS Officer Jai Bhagwan Singh to RVNL as JGM (Finance)
Dividend Declaration
The Board of Directors approved an interim dividend of ₹1 per share (10% of face value of ₹10) for FY2025-26.
- Record Date: Wednesday, February 11, 2026
- Payment Date: On or before Friday, March 6, 2026
- Total Payout: ₹208.50 crore
This dividend aims to reward shareholders while reflecting RVNL’s steady financial performance.
Segment Performance and Operations
RVNL primarily operates in railway infrastructure development projects, with Q3 FY2026 contributions from:
- Other Income: ₹251.68 crore
- Share of Profit from Joint Ventures/Associates: ₹56.41 crore
Expense Analysis
- Operations: ₹4,354.14 crore
- Employee Benefits: ₹50.80 crore
- Finance Costs: ₹104.79 crore
- Depreciation: ₹8.90 crore
- Other Expenses: ₹58.80 crore
Standalone Performance
The standalone Q3 FY2026 results showed:
- Net Profit: ₹264.23 crore – down 10.4% YoY
- Revenue: ₹4,503.97 crore – 1.9% decline
- EPS: ₹1.27
Key Corporate Developments
- New Subsidiary: Sabbavaram Sheelanagar Road Development Limited, Andhra Pradesh, fully owned
- Accounting Policy Change: Mobile phones and tablets now charged to P&L instead of capitalized
- KRCL Receivables: ₹1,169.31 crore pending, including ₹889.95 crore interest; under board review
- CAG Audit Observations: Provisions for resurfacing costs in JVs being evaluated
RVNL’s subsidiaries and joint ventures contribute significantly to its consolidated revenue, including key projects such as Kutch Railways, Haridaspur Paradip Railways, and Krishnapatnam Railways.
Financial Position
- Paid-up Equity Capital: ₹2,085.02 crore
- Other Equity: ₹7,481.93 crore (as of March 31, 2025)
- Operational Segment: Development of Rail Infrastructure (single reportable segment per Ind AS 108)
About Rail Vikas Nigam Limited (RVNL)
RVNL is a premier railway infrastructure development company in India, focused on modernizing and expanding the country’s rail network. The PSU undertakes large-scale railway projects, drives joint ventures, and plays a key role in India’s rail modernization initiatives, contributing to sustainable transportation and economic growth.
