Shares of Rail Vikas Nigam Limited (RVNL) declined nearly 4 percent in early trading on Tuesday, following the company’s report of a significant drop in quarterly profit for the period ending March 2026. Despite a modest increase in revenue, investor sentiment was affected negatively.
As of 10:14 AM, the stock was trading at ₹264.45 on the National Stock Exchange (NSE), after reaching an intraday low of ₹261.05, compared to the previous close of ₹272.45.
In its fourth quarter of FY26, RVNL reported a standalone net profit of ₹212.27 crore, representing a 43.1 percent year-over-year decrease from ₹373.34 crore in the same quarter the previous year. Conversely, revenue from operations increased by 4.77 percent year-over-year, amounting to ₹6,648.40 crore, up from ₹6,345.11 crore in Q4FY25.
For the entire fiscal year 2026, the profit after tax was recorded at ₹800.48 crore, down from ₹1,188.62 crore in FY25. The company’s board has recommended a final dividend of ₹0.71 per share for FY26.
Additionally, RVNL announced the closure of its joint venture, Kyrgyzindustry-RVNL CJSC, located in Kyrgyzstan, within the Central Asia region.
