RVNL Q4 results FY26: Profit down 59%, revenue up 4%

What RVNL reported for Q4 FY26

Rail Vikas Nigam Ltd (RVNL), Indian Railways’ construction arm, reported its earnings for the January to March quarter of FY26 on Monday, May 25. The company posted a steep year-on-year fall in consolidated profitability even as top line growth stayed positive.

Consolidated net profit for Q4 FY26 fell 58.92% year-on-year to ₹187.07 crore. Revenue for the quarter increased 4.2% year-on-year to ₹6,695.9 crore. The update pointed to a mixed quarter, with revenue growth not translating into higher bottom line.

Full-year FY26 snapshot

For the full year FY26, RVNL reported that revenue increased slightly, but profitability weakened. Net profit for FY26 declined 32% to ₹875 crore. The company also announced a final dividend, though the amount was not specified in the provided details.

The FY26 numbers matter because they frame the Q4 print in a wider context. A sharp quarterly profit drop followed by a weaker full-year profit suggests that margin pressure was not limited to a single quarter.

Stock reaction and price levels around the results day

Ahead of the result announcement, RVNL shares on the National Stock Exchange (NSE) closed 0.50% lower at ₹272.45 on Monday. On the BSE screen data shared alongside the results, RVNL was indicated at ₹272.55, up 0.52%, highlighting minor price differences across venues and timestamps.

The broader trend remained soft. The stock has lost more than 1% over the past week and 10% over the month, based on the figures provided. On a year-to-date basis, it has fallen nearly 25%.

52-week high and low: where RVNL has traded

The stock’s 52-week levels show a wide range. RVNL hit a 52-week high of ₹442.80 per share on June 9, 2025, and touched a year’s low of ₹248 on March 30, 2026.

Another market snapshot provided a 52-week range of ₹248.25 to ₹448.00, indicating the high was in the ₹443 to ₹448 zone depending on the data source and the precise time window used. Either way, the stock has been trading well below last year’s peak.

Intraday data points and trading context

A separate price note stated RVNL’s share price as on 25 May 2026 was ₹273.70. The same set of trading details also showed levels such as previous close at ₹271.10, open at ₹273.35, and a day’s range with ₹272.00 and ₹276.05 listed.

Volume indicators in the provided snippets differed by venue and timestamp, including 4.89 lakh on BSE and 7.24 million on NSE in one snapshot, and 13.42 lakh in another update. While these numbers are not directly comparable without a common timestamp, they show active trading around the results day.

Recent quarterly context: Q3 FY26 and Q2 reference points

The Q4 FY26 decline follows a Q3 FY26 quarter in which RVNL reported revenue of ₹4,936 crore and profit before tax of ₹359 crore, with a reported order book of ₹87,000 crore. Another datapoint stated net profit in Q3 2025-2026 was ₹322.83 crore, up 3.66% year-on-year, and that quarterly net profit growth was 40.18% versus the prior three months.

The article text also referenced a prior episode where RVNL shares fell after September quarter results that showed a 20% drop in net profit to ₹230.52 crore, even as revenue rose. That period also cited significantly higher operating expenses.

Older comparison points also cited in the data

Some older financial figures were included for context in the provided text. One section stated that in Q4 FY25, consolidated revenue from operations declined 4% to ₹6,427 crore from ₹6,714 crore year-on-year.

Separately, annual numbers were cited for 2024: revenue of ₹19,923 crore (from 199.23 billion) versus ₹21,879 crore (from 218.79 billion) in the prior year, and earnings of ₹1,281 crore (from 12.81 billion), showing declines in both metrics as presented.

Key numbers table: results and reference metrics

Market impact: what the numbers say, and what they do not

The most direct market takeaway from the disclosed figures is the divergence between revenue and profit in Q4 FY26. Revenue rose to ₹6,695.9 crore, but net profit fell sharply to ₹187.07 crore, and the full-year profit also declined to ₹875 crore.

On the trading side, the stock was already under pressure heading into the announcement, with a close of ₹272.45 on NSE and a reported year-to-date fall of nearly 25%. The 52-week range cited, from roughly ₹248 to ₹443-448, underscores how far the stock has moved from its peak levels.

Why RVNL’s Q4 print matters for investors

The Q4 FY26 outcome adds to a pattern of uneven profitability that appears in the references to earlier quarters and earlier-year comparisons included in the provided text. Even where some quarters showed profit growth, other periods featured notable profit declines amid mentions of higher operating expenses.

The final dividend announcement is a relevant shareholder signal, but the absence of a stated dividend amount in the provided information limits any assessment of payout size versus earnings.

Conclusion

RVNL’s Q4 FY26 results showed a clear split: revenue increased 4.2% to ₹6,695.9 crore, while consolidated net profit fell 58.92% to ₹187.07 crore, and FY26 net profit declined 32% to ₹875 crore. With the stock already down nearly 25% year-to-date and trading well below its 52-week high, investors are likely to track subsequent updates closely, including details around the final dividend and future quarterly performance.