RVNL Q3FY26 Results: Net Profit Rises to ₹324 Crore, Board Declares ₹1 Interim Dividend
Rail Vikas Nigam Limited announced Q3FY26 results showing consolidated net profit growth to ₹324.14 crore from ₹311.58 crore YoY, with revenue rising to ₹4,684.46 crore. The Board declared an interim dividend of ₹1 per equity share with record date February 11, 2026. However, nine-month performance showed decline with net profit at ₹689 crore versus ₹822.41 crore in previous year.

*this image is generated using AI for illustrative purposes only.
Rail Vikas Nigam Limited has announced its consolidated financial results for the third quarter ended December 31, 2025, showing improved performance with net profit rising to ₹324.14 crore compared to ₹311.58 crore in the corresponding quarter of the previous year. The railway infrastructure development company also declared an interim dividend of ₹1 per equity share.
Financial Performance Overview
The company's consolidated financial results demonstrate steady growth across key metrics, with revenue from operations reaching ₹4,684.46 crore in Q3FY26 compared to ₹4,567.38 crore in Q3FY25. Total income, including other income, stood at ₹4,936.14 crore versus ₹4,836.06 crore in the previous year.
| Financial Metric | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹4,684.46 crore | ₹4,567.38 crore | +2.56% |
| Total Income | ₹4,936.14 crore | ₹4,836.06 crore | +2.07% |
| Net Profit | ₹324.14 crore | ₹311.58 crore | +4.03% |
| Basic EPS | ₹1.55 | ₹1.49 | +4.03% |
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, RVNL reported consolidated net profit of ₹689.00 crore compared to ₹822.41 crore in the corresponding period of the previous year. Revenue from operations for the nine-month period reached ₹13,716.21 crore versus ₹13,496.14 crore in the previous year.
| Nine-Month Metrics | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹13,716.21 crore | ₹13,496.14 crore | +1.63% |
| Net Profit | ₹689.00 crore | ₹822.41 crore | -16.22% |
| Basic EPS | ₹3.30 | ₹3.94 | -16.24% |
Dividend Declaration and Corporate Actions
The Board of Directors, in their meeting held on February 5, 2026, approved an interim dividend of ₹1.00 per equity share (10% of paid-up share capital) for the financial year 2025-26. The interim dividend will be paid on or before Friday, March 6, 2026, with the record date set for Wednesday, February 11, 2026.
Outstanding Receivables and Key Issues
The company continues to face challenges with Krishnapatnam Railway Company Limited (KRCL), with total receivables of ₹1,169.31 crore as of December 31, 2025, including ₹889.95 crore in cumulative interest. The company changed its interest calculation method from compound to simple interest effective October 1, 2024, though KRCL has requested this change be applied from April 1, 2020. Additionally, departmental charges at 5% of project completion cost remain unraised pending Board decision on KRCL's waiver request.
Business Expansion
RVNL established a new wholly-owned subsidiary, "Sabbavaram Sheelanagar Road Development Limited," in Andhra Pradesh with an issued share capital of ₹1 lakh, demonstrating the company's continued expansion in infrastructure development beyond railway projects.
Historical Stock Returns for Rail Vikas Nigam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.37% | -7.56% | -13.46% | -10.31% | -20.87% | +914.74% |


































