Rail Vikas Nigam Limited has informed the Exchange regarding Outcome of Board Meeting held on May 25, 2026- Closure of Kyrgyzindustry- RVNL CJSC in Kyrgyzstan.
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Rail Vikas Nigam's Board approved audited FY2026 standalone results showing revenue of Rs 20,012 crore (flat vs FY25) but net profit fell 33% to Rs 800 crore from Rs 1,189 crore, impacted by higher expenses and lower other income. EPS declined to Rs 3.84 from Rs 5.70. The Board recommended a final dividend of Rs 0.71 per share (total dividend including interim Rs 1.71/share), subject to shareholder approval. The Board also approved closure of Kyrgyzindustry-RVNL CJSC, a joint venture in Kyrgyzstan (Central Asia), marking RVNL's exit from that market. Separately, RVNL established a new wholly-owned subsidiary Sabbavaram Sheelanagar Road Development Limited in Andhra Pradesh. Auditors issued unmodified opinions on both standalone and consolidated results.
The 33% profit decline despite flat revenue signals cost pressures, which may concern investors. The Kyrgyzstan JV closure is minor given no material financial impact mentioned. The dividend maintains shareholder returns but comes amid profitability challenges.