Rail Vikas Nigam (RVNL) Q1 26/27 earnings summary

Executive summary

• Q1 FY 2027 began with strong operational momentum, supported by a robust and diversified order book and a healthy project pipeline.

• The company is targeting INR 20,000–25,000 crore in new work orders for the year, with INR 5,500 crore already secured.

• Focus areas for growth include ports, hydros, highways, green energy, and international markets.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 were approved by the Board on 11 August 2026.

• Both standalone and consolidated results were reviewed by statutory auditors, with no material misstatements identified.

Financial highlights

• Standalone turnover for Q1 FY 2027 was INR 4,302.81 crore, up 9.62% year-over-year; consolidated turnover was INR 4,321.23 crore, up 10.55% year-over-year.

• Standalone EBITDA rose to INR 171 crore (up 110% YoY), with margin improving to 3.99% from 2.08%.

• Standalone PAT reached INR 155.62 crore, up 21.72% YoY; EPS increased by 22.95% YoY.

• Consolidated EBITDA was INR 190 crore (up from INR 64.91 crore YoY), with margin at 4.41% (vs. 1.66% YoY); consolidated PAT was INR 159.52 crore, up 18.73% YoY.

• Basic and diluted EPS for Q1 FY27 stood at ₹0.75 (standalone) and ₹0.76 (consolidated).

Outlook and guidance

• Top line is expected to grow by around 15%, with bottom line projected to increase by 15–20% for FY 2027.

• Management maintains confidence in achieving guidance, citing 19% YoY bottom line growth in Q1.

• Order book provides multi-year execution visibility; focus on converting L1 positions and LOAs into active projects.

• The company continues to operate in the "Development of Rail Infrastructure" segment, with ongoing projects and joint ventures.