RVNL’s profitability was impacted due to a troika of factors. Its other income declined by 54% from last year to ₹85 crore. Its profit from JV and associate companies fell to just ₹4 crore from over ₹52 crore in the base quarter and ₹56.4 crore in the December quarter. Additionally, operating expenses were also on the higher side on a year-on-year basis.
The railway PSU’s operating performance also took a hit during the quarter, with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declining by 38% to ₹268.5 crore, while margins narrowed to 4% from 6.7% in the base quarter and 4.7% in December.The only silver lining was a 4% growth in revenue at ₹6,695.9 crore from the previous year’s ₹6,426.88 crore. This also grew 43% sequentially from ₹4,684.5 crore.
RVNL also accounted the closure of its joint venture company Kyrgyzindustry-RVNL CJSC in Kyrgyzstan.
Shares of RVNL were trading 2.3% lower at ₹266.15 apiece at 9.20 am on Tuesday. The stock has declined 13% in the past month and by 26.4% this year, so far. The stock is down over 60% from its record high of ₹647 that it had surged to in 2024.
Also Read: Brigade Enterprises signs JDA for ₹850 crore residential project in Hyderabad
First Published: May 26, 2026 7:02 AM IS
