Board has approved the Financial Results for the quarter and year ended 31.03.2026
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Rail Vikas Nigam Ltd reported standalone net profit of Rs 800.48 crore for FY 2025-26, down 33% from Rs 1,188.62 crore in the previous year. Revenue from operations was largely flat at Rs 20,012 crore vs Rs 19,869 crore. The auditors issued an unmodified (clean) opinion. Key concerns include: a large receivable of Rs 1,116 crore from joint venture Krishnapatnam Railway Company (KRCL) including Rs 890 crore interest on delayed payments, which remains pending with the Board. The company also declared a final dividend of Rs 0.71 per share (total dividend including interim Rs 1.71 per share) and closed its Kyrgyz JV. Operating cash flow turned negative at Rs -1,923 crore compared to Rs 1,920 crore positive last year, driven by a Rs 3,630 crore increase in trade receivables.
The 33% decline in net profit and negative operating cash flow are concerning for shareholders. However, the clean audit opinion and railway infrastructure focus provide some support. The pending Rs 1,116 crore KRCL receivable creates uncertainty around future financial adjustments.