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Rail Vikas

Q1 FY27Construction

Rail Vikas Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹218
Market cap₹47.0K Cr
P/E52.2
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 5 strong

RevenueRank 3
MarginRank 3
CapexYes
FundraiseNo
Order bookYes

The short version

Future growth expectations for Rail Vikas Nigam Limited (RVNL) as per Q1 FY2026-27 conference call: - Targeting about INR 20,000-25,000 crore in new work orders for FY27, with INR 5,500 crore already received in Q1. RVNL expects a top-line revenue growth of around 15% in FY27.

From Rail Vikas's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 3
Future growth expectations for Rail Vikas Nigam Limited (RVNL) as per Q1 FY2026-27 conference call: - Targeting about INR 20,000-25,000 crore in new work orders for FY27, with INR 5,500 crore already received in Q1. - Top line (revenue) expected to grow around 15% in FY27. - Bottom line (profit) projected to increase approximately 15-20% in FY27, supported by steady execution and margin improvements. - Order book of INR 93,492 crore provides strong multi-year revenue visibility. - Order book mix expected to evolve to roughly 50% railway management works and 50% bidding works within 2-3 years. - Increasing focus on international markets—Central Asia, Middle East, Africa, Eastern Europe—for diversified infrastructure projects with higher margins. - Emphasis on scaling overseas bidding and non-railway sectors to balance revenue sources. These factors underpin RVNL's confident outlook on sustained revenue and volume growth in the near term.

Profitability & Margins

See what Rail Vikas said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes
  • BharatNet project:
  • - Infrastructure implementation over 3 years, with ongoing duct and fiber work expected to extend by 6-8 months.
  • - Followed by 10 years of maintenance for completed infrastructure.
  • Vande Bharat Sleeper Train:
  • - INR 14,400 crore project with delivery of 120 train sets starting December 2026.
  • - Maintenance contract for 35 years post-delivery providing long-term revenue.
  • - First prototype set to launch in December 2026.
  • Rishikesh-Karnaprayag Rail Project:
  • - INR 37,000 crore project, currently 78% overall progress (97% tunnel excavation done).
  • - Target completion by December 2029.
  • Continued focus on project execution and operational efficiency to support future capex needs.
  • No immediate plans for external debt; managing funding largely from internal resources and working capital arrangements.
  • Exploring international markets and broader infrastructure segments for potential strategic investments and order book diversification.

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Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Rail Vikas said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes
  • As of June 30, 2026, RVNL's total order book stood at INR 93,492 crore.
  • Order book composition: INR 58,000 crore from railways, INR 12,000 crore from S&P, INR 3,651 crore from ports, roads, and highways, INR 5,700 crore from metros, INR 4,000 crore from power and transmission, and INR 1,626 crore from hydro and irrigation projects.
  • Approximately INR 40,000 crore of the order book is currently mobilized and under active execution.
  • The company targets additional work orders of around INR 20,000-25,000 crore in FY2026-27, with about INR 5,500 crore already received in Q1.
  • Order inflow in Q1 FY27 was INR 5,417 crore.
  • The order book is expected to evolve to an equal split between railway management works and bidding works (50-50%) over the next 2-3 years.

Rail Vikas — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹6.7K Cr, net profit ₹182 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Rail Vikas Nigam Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Rail Vikas Q1 FY27 results?

Future growth expectations for Rail Vikas Nigam Limited (RVNL) as per Q1 FY2026-27 conference call: - Targeting about INR 20,000-25,000 crore in new work orders for FY27, with INR 5,500 crore already received in Q1. RVNL expects a top-line revenue growth of around 15% in FY27.

What is Rail Vikas share price analysis?

Rail Vikas currently shows a below-average growth signal. The stock trades at a P/E of 52.2 with a market cap of ₹46,976 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rail Vikas planning capital expenditure?

BharatNet project: - Infrastructure implementation over 3 years, with ongoing duct and fiber work expected to extend by 6-8 months.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.