RVNL Q3 Results 2026: Profit Rises to ₹324 Crore; Interim Dividend Declared
By-Kaushik 05, February 2026.
Rail Vikas Nigam Ltd ( RVNL), the ” navvratna “power house Indian Railways infrastructure , has officially released its financial results for the third quarter (Q3) of the 2025–26 fiscal year. Despite a volatile global market and rising execution costs, the company has managed to maintain a steady track record, offering both growth and dividends to its shareholders.
Q3 FY26 by the Numbers: Key Financial Highlights
In its board meeting held on February 5, 2026, RVNL reported a consolidated net profit of ₹324.14 crore, marking a 4% year-on-year (YoY) growth compared to ₹311.58 crore in the same period last year.
1.Financial Highlights at a Glance
Metric | Q3 FY26 (Current) | Q3 FY25 (Previous) | Growth (YoY) |
Revenue from Operations | ₹4,684.46 Cr | ₹4,567.38 Cr | +2.56% |
| Net Profit (PAT) | ₹324.14 Cr | ₹311.58 Cr | +4.03% |
| Total Income | ₹4,936.14 Cr | ₹4,836.06 Cr | +2.07% |
| Earnings Per Share (EPS)| ₹1.55 | ₹1.49 | +4.03% |
While the consolidated figures showed growth, the standalone performance saw a slight dip, with revenue falling by 1.9% YoY. This indicates that RVNL’s subsidiaries and joint ventures are currently playing a crucial role in cushioning the bottom line.
2.Strong Dividend Payout for Investors
In a move to reward its long-term investors, the RVNL Board has approved an interim dividend of ₹1.00 per equity share (which is 10% of the paid-up equity share capital).
Record Date: Wednesday, February 11, 2026.
Payment Date: On or before March 6, 2026.
If you hold RVNL shares in your demat account before the record date, you will be eligible for this payout.
3.Budget 2026 Update and New Project Announcements
The Q3 results come on the heels of the Union Budget 2026, which has sparked fresh optimism in the railway sector. The government has unveiled plans for 7 new high-speed rail corridors, which are expected to significantly expand RVNL’s project pipeline.
Latest Highlights
- Varanasi Bridge Project: RVNL, in a joint venture with GPT Infraprojects, recently emerged as the lowest bidder (L1) for a massive ₹1,201 crore rail-cum-road bridge over the River Ganga.
- Maintenance Facilities: The company secured a ₹201 crore contract from East Coast Railway for a wagon maintenance workshop in Odisha.
- New subsidiary : RVNL has incorporated “Sabbavaram Sheelanagar Road Development Limited” in Andhra Pradesh, signaling its intent to diversify further into road infrastructure
4.Challenges Ahead: Audits & Shrinking Margins
It wasn’t all smooth sailing. Analysts have noted that RVNL’s operating margins remain under pressure due to higher project execution costs. Furthermore, auditors highlighted a pending issue regarding ₹1,169 crore in dues from Krishnapatnam Railway Company Limited (KRCL), a joint venture. The resolution of these receivables remains a key factor for the company’s future cash flow.
5. Market Response
As of February 5, 2026, RVNL’s share price is trading around the ₹316–₹321 range. While the stock has faced some correction from its 52-week high of ₹447.80, the long-term sentiment remains supported by a robust order book and the government’s continued focus on “Viksit Bharat” through infrastructure.
Conclusion
RVNL continues to be a core player in India’s infrastructure story. While the Q3 results show “steady but slow” growth, the massive push from the 2026 Budget and the consistent dividend payouts make it a stock to watch closely in the coming quarters.
Disclaimer :
This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred
