Rail Vikas Nigam (RVNL) Q2 26/27 earnings summary

Executive summary

• Consolidated Q2 FY27 net profit rose to ₹253.71 crore from ₹230.52 crore YoY, despite revenue from operations falling to ₹4,700.96 crore from ₹5,122.98 crore.

• H1 consolidated net profit increased to ₹413.23 crore from ₹364.88 crore; revenue from operations was ₹9,022.19 crore versus ₹9,031.75 crore.

Financial highlights

• Consolidated Q2 total income was ₹4,835.88 crore versus ₹5,333.36 crore YoY; profit before tax was ₹325.45 crore versus ₹342.39 crore.

• Consolidated H1 profit before tax rose to ₹548.99 crore from ₹515.80 crore; total expenses declined to ₹8,785.77 crore from ₹8,987.92 crore.

• Standalone Q2 revenue from operations was ₹4,663.27 crore versus ₹4,934.59 crore YoY; net profit rose to ₹214.66 crore from ₹196.11 crore.

• Standalone H1 revenue from operations increased to ₹8,966.08 crore from ₹8,859.89 crore; net profit was ₹370.28 crore versus ₹323.96 crore.

Segment performance

• Operations are reported in one segment: Development of Infrastructure, for standalone and consolidated results.

• Consolidated share of profit from joint ventures and associates was ₹30.43 crore in Q2 and ₹36.59 crore in H1, versus ₹24.03 crore and ₹33.40 crore, respectively, YoY.