RVNL shares in focus after Q3 profit rises 4% YoY to Rs 324 crore

Shares of Rail Vikas Nigam Ltd (RVNL) will be in focus heading into trade on Friday, February 6, after the company reported a modest rise in profit for the December quarter, even as higher expenses limited margin expansion. The state-owned rail infrastructure firm posted a net profit of Rs 324 crore in Q3FY26, up about 4% from Rs 312 crore in the same quarter last year.

Revenue from operations rose 3% year-on-year (YoY) to Rs 4,684 crore, compared with Rs 4,567 crore in Q3FY25. Including other income of Rs 252 crore, total income for the quarter stood at Rs 4,936 crore, higher than Rs 4,836 crore reported a year earlier.

Total expenses rose to Rs 4,577 crore during the quarter from Rs 4,480 crore in the year-ago period. Operating expenses increased to Rs 4,354 crore from Rs 4,219 crore, reflecting higher project execution costs. As a result, profit before tax stood at Rs 415 crore, broadly flat compared with Rs 413 crore in the corresponding quarter last year.

On a nine-month basis, the company reported a net profit of Rs 689 crore, down from Rs 822 crore in the same period last year. Revenue from operations for the period increased to Rs 13,716 crore from Rs 13,496 crore.

Alongside the results, the board declared an interim dividend of Rs 1 per share, representing 10% of the paid-up equity share capital, for FY26. The company has fixed February 11 as the record date to determine shareholder eligibility, with the dividend scheduled to be paid on or before March 6.

Shares of RVNL have remained under pressure in 2026, declining about 12% over the past month. The stock is down 22% over the past year, though it has delivered multibagger returns over a five-year period.

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