Rail Vikas Nigam

“The project is progressing at a steady pace. The first prototype trainset is targeted for launch in December 2026.”

“The timeline is three years. There are certain issues at the ground line, which are being sorted out, and this duct and fiber is being provided. This will take another six to eight months. It will be extended.”

“During the quarter ended April to June 2026, the order inflow stood at INR 5,417 crore. As on June 30, 2026, the company’s total order book is stood at an impressive INR 93,492 crore.”

“Order book is primarily driven by railways with INR 58,000 crore, followed by S&P at INR 12,000 crores, ports, roads and highways at INR 3,651 crores, metros at INR 5,700 crores, power and transmission at INR 4,000 crores, and hydro and irrigation projects at INR 1,626 crore.”

“The BharatNet project was awarded by Bharat Sanchar Nigam Limited with an INR 13,000 crore initiative to provide high-speed broadband connectivity in rural and remote areas through 82,000 kilometers of OFC infrastructure under the DB-1 model.”

“Vande Bharat sleeper train is also a flagship program of railways, where an INR 14,400 crore project with 35 years maintenance arrangement is being executed by Kinet Railway Solutions Limited, or SPV of RVNL.”

“The Rishikesh-Karnaprayag rail project is also project of national importance in Uttarakhand, being developed at a cost of INR 37,000 crore.”

“The building works have also contributed 31.51% to the total revenue from operations, showing an increase of 16.63% from the previous years.”

“Rail Vikas Nigam Limited has made significant progress in project execution, with work now progressing at a good pace across various locations, and we are expecting good revenue and profit margins this year.”

“Payment issues are being deliberated with BSNL and are being resolved. Some payments have been received by us, and other payments are in the pipeline. So, we are hopeful that this year and the remaining quarters, we'll get good revenue from this work also.”

“So, it is a very long-term contract, and which we think is likely to give good revenue to RVNL and with positive margins.”

“our primary focus is in Central Asia, the Middle East, and Eastern European countries, and Southeast Asia also, in Africa also, and we are in process of bidding in all these areas.”

“Right now, we are focusing heavily on port sector, hydro, and highway. So, these are the three sectors, and plus green energy also.”

“we see significant opportunities ahead in real estate, ports and hydro, highways, and sustainable infrastructure.”

“Standalone EBITDA stood at INR 171 crore as compared to INR 81 crore in Q1 FY26, which is higher by almost 110% on a YoY basis, while EBITDA margin also improved to 3.99% from 2.08% in Q1 FY26.”

“Consolidated EBITDA stood at INR 190 crore as compared to INR 64.91 crore in Q1 FY26.”

“Consolidated EBITDA margin stood at 4.41% as compared to 1.66% in Q1 FY26, while PAT stood at INR 159.52 crore, higher by 18.73% YoY.”

“Margins, while showing improvement over Q1 FY27, remain an important area of focus that we will keep tracking closely moving forward.”

“most of the items which are being used hardware, that was already the cost was finalized and the tender order issued before this crisis, and so we are getting the material at the previous costing at present also.”

“Currently, we are not looking for any debt from other sources. We are able to maintain from our internal resources only, but we have our working arrangements with some banks for working capital if required.”

“And presently, our outstanding railway is almost INR 2,500 crores. And we keep on receiving the payment on a monthly basis. We raise our bill to them, and within 30 days, the payment is received.”

“So, we have already provisioned for the onerous project, and we are not anticipating any further provision of the losses.”

“As you know, the present geopolitical situation is a challenge that we faced during Q1 also. And if the similar situation persists, this is a big challenge for us.”

“Labor is not available for works, we have to make extra effort to get the labor for execution of our works.”

“Payment from the client is also a challenge, but we are trying to get the payments from them.”

“Abhishek, proper risk assessment is done before quoting. So, these risks has been identified and accordingly, mitigation measures or risk premium has been considered.”

“Vishal, generally, all the contracts are covered by price variation, which generally covers the price inflation. So, I think it does not have a very big impact, though some impact is always there.”

“with standalone turnover at INR 4,300 crores, higher by 9.62% YoY”

“On a consolidated basis, turnover stood at INR 4,321 crore, which is higher by 10.55% YoY”

“As a result, PAT stood at INR 155 crore, which is higher by 21.72% on a YoY basis.”

“Our standalone earnings per share for the quarter stood at INR 0.75, higher by 22.95% YoY.”

“SPV has also received the Bronze A’ Design Award 2026 in Italy for excellence in mobility and transportation design.”