RVNL Q2 FY27 results at a glance
RAIL VIKAS NIGAM LIMITED Q2 FY27 key results metrics| Quarter | Q2 FY27 |
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| Quarter ended | 30 Sept 2026 |
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| Revenue | ₹4,701 cr |
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| Revenue YoY | -8.2% |
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| Operating profit | ₹254 cr |
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| Operating margin | 5.4% |
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| Net profit | ₹254 cr |
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| Net profit YoY | +10.2% |
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| Net profit QoQ | +59.2% |
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| Net margin | 5.4% |
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| Basic EPS | ₹1.20 |
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| TTM revenue | ₹20,403 cr |
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| TTM net profit | ₹923 cr |
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| TTM net margin | 4.5% |
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RVNL Q2 FY27 results: what the numbers say
RAIL VIKAS NIGAM LIMITED (RVNL) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹4,701 cr and a net profit of ₹254 cr, translating into earnings per share of ₹1.20.
Compared with the same quarter a year earlier, revenue declined by -8.2% and net profit grew by +10.2%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹254 cr, an operating margin of 5.4% versus 4.1% a year ago — a gain of 1.3 percentage points.
RVNL quarter-wise results table
Revenue
₹4,701 cr
-8.2% YoY
Net profit
₹254 cr
+10.2% YoY
Operating profit
₹254 cr
+21.9% YoY
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RAIL VIKAS NIGAM LIMITED (RVNL) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q2 FY272026-09-30 | ₹4,701 cr | ₹254 cr | ₹254 cr | 5.4% | 5.4% | ₹1.20 | +10.2% | +59.2% |
| Q1 FY272026-06-30 | ₹4,321 cr | ₹174 cr | ₹159 cr | 4.0% | 3.7% | ₹0.76 | +18.5% | -14.8% |
| Q4 FY262026-03-31 | ₹6,696 cr | ₹259 cr | ₹187 cr | 3.9% | 2.8% | ₹0.90 | — | -42.1% |
| Q3 FY262025-12-31 | ₹4,684 cr | ₹212 cr | ₹323 cr | 4.5% | 6.9% | ₹1.55 | — | +40.2% |
| Q2 FY262025-09-30 | ₹5,123 cr | ₹208 cr | ₹230 cr | 4.1% | 4.5% | ₹1.10 | — | +71.2% |
| Q1 FY262025-06-30 | ₹3,909 cr | ₹46.68 cr | ₹135 cr | 1.2% | 3.4% | ₹0.65 | — | — |
| TTM (last 4 quarters) | ₹20,403 cr | ₹898 cr | ₹923 cr | 4.4% | 4.5% | ₹4.41 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
RVNL quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
RAIL VIKAS NIGAM LIMITED quarterly income statement| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 |
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| Revenue / Sales | ₹4,701 cr | ₹4,321 cr | ₹6,696 cr | ₹4,684 cr | ₹5,123 cr | ₹3,909 cr |
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| Total expenses | ₹4,541 cr | ₹4,147 cr | ₹6,437 cr | ₹4,473 cr | ₹4,915 cr | ₹3,862 cr |
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| Gross profit | — | ₹275 cr | ₹377 cr | ₹330 cr | ₹356 cr | ₹172 cr |
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| Operating profit (EBIT) | ₹254 cr | ₹174 cr | ₹259 cr | ₹212 cr | ₹208 cr | ₹46.68 cr |
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| Operating margin | 5.4% | 4.0% | 3.9% | 4.5% | 4.1% | 1.2% |
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| Interest cost | ₹93.45 cr | ₹97.88 cr | ₹97.55 cr | ₹105 cr | ₹100 cr | ₹111 cr |
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| Profit before tax | ₹295 cr | ₹224 cr | ₹250 cr | ₹415 cr | ₹342 cr | ₹173 cr |
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| Tax expense | ₹71.74 cr | ₹64.02 cr | ₹68.68 cr | ₹90.98 cr | ₹112 cr | ₹39.05 cr |
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| Effective tax rate | 24.3% | 28.6% | 27.4% | 21.9% | 32.7% | 22.5% |
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| Net profit (PAT) | ₹254 cr | ₹159 cr | ₹187 cr | ₹323 cr | ₹230 cr | ₹135 cr |
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| Net profit margin | 5.4% | 3.7% | 2.8% | 6.9% | 4.5% | 3.4% |
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| Basic EPS | ₹1.20 | ₹0.76 | ₹0.90 | ₹1.55 | ₹1.10 | ₹0.65 |
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| Diluted EPS | — | ₹0.76 | ₹0.90 | ₹1.55 | ₹1.10 | ₹0.65 |
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RVNL results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
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| Revenue YoY | -8.2% | +10.6% | — | — | — | — |
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| Revenue QoQ | +8.8% | -35.5% | +42.9% | -8.6% | +31.1% | — |
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| Operating profit YoY | +21.9% | +273.2% | — | — | — | — |
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| Operating profit QoQ | +45.6% | -32.7% | +22.2% | +1.8% | +345.6% | — |
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| Net profit YoY | +10.2% | +18.5% | — | — | — | — |
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| Net profit QoQ | +59.2% | -14.8% | -42.1% | +40.2% | +71.2% | — |
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| EPS YoY | +9.1% | +16.9% | — | — | — | — |
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| EPS QoQ | +57.9% | -15.6% | -41.9% | +40.9% | +69.2% | — |
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RVNL annual results history
Full-year performance for RAIL VIKAS NIGAM LIMITED, useful for reading each quarter in context.
RAIL VIKAS NIGAM LIMITED annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹20,412 cr | ₹19,923 cr | ₹21,879 cr | ₹20,282 cr |
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| Total expenses | ₹19,681 cr | ₹18,823 cr | ₹20,520 cr | ₹19,057 cr |
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| Gross profit | ₹1,225 cr | ₹1,489 cr | ₹1,708 cr | ₹1,562 cr |
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| Operating profit (EBIT) | ₹731 cr | ₹1,100 cr | ₹1,358 cr | ₹1,224 cr |
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| Operating margin | 3.6% | 5.5% | 6.2% | 6.0% |
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| Interest cost | ₹419 cr | ₹545 cr | ₹568 cr | ₹581 cr |
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| Profit before tax | ₹1,181 cr | ₹1,646 cr | ₹2,030 cr | ₹1,719 cr |
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| Tax expense | ₹311 cr | ₹369 cr | ₹479 cr | ₹378 cr |
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| Effective tax rate | 26.3% | 22.4% | 23.6% | 22.0% |
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| Net profit (PAT) | ₹875 cr | ₹1,278 cr | ₹1,551 cr | ₹1,342 cr |
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| Net profit margin | 4.3% | 6.4% | 7.1% | 6.6% |
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| Basic EPS | ₹4.20 | ₹6.13 | ₹7.44 | ₹6.81 |
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| Diluted EPS | ₹4.20 | ₹6.13 | ₹7.44 | ₹6.81 |
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Revenue trend and demand read-through
Topline for Q2 FY27 came in at ₹4,701 cr against ₹5,123 cr in Q2 FY26, and ₹4,321 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +8.8%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹4,541 cr, or 96.6% of revenue, with operating profit grew +21.9% year on year.
Margins, tax and profitability
Net profit of ₹254 cr works out to a net margin of 5.4% compared with 4.5% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, RAIL VIKAS NIGAM LIMITED reported profit before tax of ₹295 cr, a tax charge of ₹71.74 cr (effective rate 24.3%), interest cost of ₹93.45 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹159 cr in Q1 FY27 to ₹254 cr in Q2 FY27, a change of +59.2%.
Trailing twelve months and annual context
Across the trailing four quarters RAIL VIKAS NIGAM LIMITED has generated revenue of ₹20,403 cr and net profit of ₹923 cr, a trailing net margin of 4.5%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹20,412 cr with net profit of ₹875 cr and EPS of ₹4.20, versus the prior year where revenue grew +2.5% and profit declined -31.5%.
What to watch in the next RVNL quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
RAIL VIKAS NIGAM LIMITED has intimated the exchange that its board meets on 12 Nov 2026 to approve financial results. The figures shown here update when Yahoo Finance publishes the corresponding statement data, which can lag the filing.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
RVNL results coverage
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RVNL quarterly results FAQs
What were RAIL VIKAS NIGAM LIMITED (RVNL) Q2 FY27 results?
In Q2 FY27 (quarter ended 30 Sept 2026), RAIL VIKAS NIGAM LIMITED reported revenue of ₹4,701 cr and net profit of ₹254 cr, a change of +10.2% year on year on -8.2% revenue growth. EPS stood at ₹1.20.
What is RVNL profit margin in Q2 FY27?
RAIL VIKAS NIGAM LIMITED posted a net profit margin of 5.4% and an operating margin of 5.4% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹20,403 cr and net profit ₹923 cr.
Did RVNL results beat the previous quarter?
RAIL VIKAS NIGAM LIMITED net profit changed +59.2% quarter on quarter, from ₹159 cr in Q1 FY27 to ₹254 cr in Q2 FY27.
When are RAIL VIKAS NIGAM LIMITED (RVNL) quarterly results?
The board of RAIL VIKAS NIGAM LIMITED meets on 12 Nov 2026 to consider and approve the financial results, as per the exchange filing.
Where can I see RVNL latest quarterly results?
Our latest RVNL results coverage — "Rail Vikas Nigam Limited Q2 FY27 Results: Net Profit ₹254 cr" — breaks down revenue, profit, margins and management commentary.
What is RAIL VIKAS NIGAM LIMITED annual revenue and profit?
For FY26, RAIL VIKAS NIGAM LIMITED reported full-year revenue of ₹20,412 cr and net profit of ₹875 cr, with EPS of ₹4.20.
How many quarterly results has RVNL declared recently?
Past results dates for RVNL will be listed here from the exchange calendar.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 13 Nov 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
