Closure of RVNL JV company M/s. Kyrgyzindustry- RVNL CJSC in Kyrgyzstan.
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Rail Vikas Nigam Limited's Board meeting on May 25, 2026 approved the audited financial results for Q4 and FY26 ended March 31, 2026. Standalone revenue from operations was Rs. 20,012.26 crore (vs Rs. 19,869.35 crore in FY25), but profit after tax declined significantly to Rs. 800.48 crore from Rs. 1,188.62 crore in the previous year. Diluted EPS fell to Rs. 3.84 from Rs. 5.70. The Board also recommended a final dividend of Rs. 0.71 per share for FY26, in addition to an interim dividend of Rs. 1 already paid. Additionally, the Board approved closure of the Kyrgyzstan-based JV, Kyrgyzindustry-RVNL CJSC. The company also established a new wholly-owned subsidiary, Sabbavaram Sheelanagar Road Development Limited in Andhra Pradesh.
The significant decline in profitability despite flat revenue growth may concern investors. The JV closure in Kyrgyzstan represents an exit from the Central Asia region. The dividend offer provides some shareholder回报.