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Rail Vikas Nigam Ltd

Q3 FY26Construction

Rail Vikas Nigam Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹225
Market cap₹47.4K Cr
P/E52.7
Updated23 Aug 2026
Read4 min read

The short version

Future Growth Expectations for Rail Vikas Nigam Limited: - Targeting sustainable growth of around 10% per financial year. Targeted sustainable growth of approximately 10% per financial year in both top line and bottom line, driven by a strong order book and increasing infrastructure projects.

From Rail Vikas Nigam Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Future Growth Expectations for Rail Vikas Nigam Limited: - Targeting sustainable growth of around 10% per financial year. - Order book is strong with a mix of railway nomination and bidding projects supporting growth. - Revenue from railway nomination orders (INR 40,000 crores) to be completed over next 3 years, contributing around INR 10,000-11,000 crores annually. - Additional revenue of INR 10,000-12,000 crores expected from bidding-based orders including Vande Bharat, BharatNet, highways, and other infrastructure projects. - Diversification into highways, ports, and state government projects to supplement growth.

2 more points from Rail Vikas Nigam Ltd's call on revenue

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Profitability & Margins

Read what Rail Vikas Nigam Ltd said on margins in the Q3 FY26 call

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Capital Expenditure Plans

  • The company is engaged in manufacturing 120 Vande Bharat train sets, with the first prototype expected by June 2026, indicating ongoing capital investment in this major project.
  • It is progressing on significant infrastructure projects such as BharatNet and the Rishikesh-Karnaprayag railway project with completion targeted for December 2028.
  • RVNL has signed a Memorandum of Understanding (MOU) with Visakha Port Authorities for development of various infrastructure projects, showing strategic investment expansion.
  • The management is actively pursuing new orders, especially through bidding, including highway works and metro projects, aiming at diversification and growth.

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Order Book & Pipeline

See what Rail Vikas Nigam Ltd said on order book & pipeline — free account, 30 seconds.

Rail Vikas Nigam Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

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.

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Others in Construction this season

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    Year-on-Year change in revenue: Decrease of approximately 39.59% . Key investor presentation takeaways from Likhitha Infrastructure Ltd's Q3 FY26 investor prese

  • MBL Infrastructure Ltd (Q3 FY26)

    MBL is pre-qualified for the ‘User Fee Collection’ tender of NHAI with a net worth of ₹1,244 crores (FY24). Key investor presentation takeaways from MBL Infrast

  • RPP Infra Projects Ltd (Q3 FY26)

    Revenue for Q3 25-26:** ₹316.79 crores (Page 7) . Key investor presentation takeaways from RPP Infra Projects Ltd's Q3 FY26 investor presentation — and how it r

  • Vikran Engineering Ltd (Q3 FY26)

    Revenue from operations for Q3 FY26: ₹266.5 Cr, up 0.5% YoY from ₹265.2 Cr in Q3 FY25 (Page 8) . Key investor presentation takeaways from Vikran Engineering Ltd

🔎 Who's planning the most growth?

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Frequently Asked Questions

What were Rail Vikas Nigam Ltd Q3 FY26 results?

Future Growth Expectations for Rail Vikas Nigam Limited: - Targeting sustainable growth of around 10% per financial year. Targeted sustainable growth of approximately 10% per financial year in both top line and bottom line, driven by a strong order book and increasing infrastructure projects.

What is Rail Vikas Nigam Ltd share price analysis?

Rail Vikas Nigam Ltd currently shows a neutral. The stock trades at a P/E of 52.7 with a market cap of ₹47,403 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rail Vikas Nigam Ltd planning capital expenditure?

The company is engaged in manufacturing 120 Vande Bharat train sets, with the first prototype expected by June 2026, indicating ongoing capital investment in this major project.

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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.