1. Consideration and Approval of Audited Financial Results for the year ended 31st March, 2026 2. Recommendation of Final Dividend for FY 2025-26 and 3. Closure of RVNL JV company M/s. ....
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Rail Vikas Nigam Limited's Board approved audited standalone and consolidated financial results for FY 2025-26. Standalone revenue from operations grew marginally to Rs. 20,012 crore from Rs. 19,869 crore, but profit before tax declined significantly to Rs. 1,102 crore from Rs. 1,550 crore in the previous year. Consolidated net profit stood at Rs. 871 crore compared to Rs. 1,278 crore in FY 2024-25, representing a 32% decline. The Board recommended a final dividend of Rs. 0.71 per share (face value Rs. 10), which along with the interim dividend of Rs. 1 per share already paid totals Rs. 1.71 per share for the year. Additionally, the Board approved closure of the Kyrgyzindustry-RVNL CJSC joint venture in Kyrgyzstan. Auditors issued unmodified opinions on both standalone and consolidated financial statements. The company also noted a large receivable of Rs. 1,116 crore from Krishnapatnam Railway Company Limited, including Rs. 890 crore in delayed payment interest.
The sharp decline in profitability despite flat revenue growth may disappoint investors expecting margin improvement. The dividend continuation signals confidence, but shareholders should monitor the significant KRCL receivable recovery. The JV closure in Central Asia represents a minor portfolio adjustment.