Rail Vikas
Rail Vikas Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Rail Vikas Q2 FY26 key numbers
- Revenue
- Existing order book of around INR 90,000 crores, providing stable revenue visibility for the next 3-4 years.
As stated in Rail Vikas's Q2 FY26 earnings call transcript · published 16 Oct 2026. Reported figures, not investment advice.
The short version
Revenue guidance for FY '26 is around INR 21,000 crores to INR 22,000 crores, expecting to meet or exceed this. Revenue guidance for FY26 is maintained at around INR 21,000 to 22,000 crores, implying about 10% growth.
From Rail Vikas's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Revenue guidance for FY '26 is around INR 21,000 crores to INR 22,000 crores, expecting to meet or exceed this.
- Execution pace has improved in Q3, with strong growth expected in the second half of FY '26.
- Order inflow for FY '26 is projected between INR 8,000 crores to INR 10,000 crores.
- Existing order book of around INR 90,000 crores, providing stable revenue visibility for the next 3-4 years.
- Average execution period of orders is spread over 3 to 4 years.
- Expect to maintain approximately 10% revenue growth in FY '27.
- New orders and projects with shorter gestation periods will help accelerate turnover and growth.
2 more points from Rail Vikas's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
Read what Rail Vikas said on margins in the Q2 FY26 call
Free account with your mobile number. We text a one-time code, no password.
Capital Expenditure Plans
- RVNL is exploring business opportunities in sunrise sectors like solar with battery storage systems.
- Focus on operation and maintenance (O&M) of rolling stock, including upgrading maintenance setups for Vande Bharat trains.
- Exploring international projects, including flagship harbor projects in Maldives and bids in Central Asia, Middle East, East Asia, and East Europe.
- Engaging in bidding for HAM (Hybrid Annuity Model) projects, aiming for steady revenue streams over 20-25 years concession periods.
- Development of multimodal logistics parks in collaboration with National Highway Logistics Management Limited; 4 parks are in process of operationalization.
2 more points from Rail Vikas's call on capex
Pro opens every point from 15K+ earnings calls
Order Book & Pipeline
See what Rail Vikas said on order book & pipeline — free account, 30 seconds.
Rail Vikas — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹6.7K Cr, net profit ₹182 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Rail Vikas Nigam Ltd's management said in earlier quarters
Others in Construction this season
- Globe Civil Projects Ltd (Q2 FY26)
200-300 crores. Key concall takeaways from Globe Civil Projects Ltd's Q2 FY26 earnings call — and how it ranks against sector peers.
- K2 Infragen Ltd (Q2 FY26)
For H1-FY26 (half year ending September 2025), Revenue from Operations was INR 909 million, up 76.5% YoY from INR 515 million in H1-FY25. Key investor presentat
- Konstelec Engg. (Q2 FY26)
650 Crores (Page 9). Key investor presentation takeaways from Konstelec Engg.'s Q2 FY26 investor presentation — and how it ranks against sector peers.
- MBL Infrastructure Ltd (Q2 FY26)
Revenue (Income) for HY25 (half year 2025) standalone: ₹119.37 Cr; FY24: ₹184.15 Cr. Key investor presentation takeaways from MBL Infrastructure Ltd's Q2 FY26 i
Arthneeti Pro · Annual
Rail Vikas and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Rail Vikas Q2 FY26 results?
Revenue guidance for FY '26 is around INR 21,000 crores to INR 22,000 crores, expecting to meet or exceed this. Revenue guidance for FY26 is maintained at around INR 21,000 to 22,000 crores, implying about 10% growth.
What is Rail Vikas share price analysis?
Rail Vikas currently shows a neutral. The stock trades at a P/E of 46.2 with a market cap of ₹41,586 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rail Vikas planning capital expenditure?
RVNL is exploring business opportunities in sunrise sectors like solar with battery storage systems.
Keep Rail Vikas on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.