RVNL shares drop 3% as PAT declines 20% YoY for Q2FY26

Shares of Rail Vikas Nigam Ltd (RVNL) fell 3.13% in early trade to a low of Rs 307.75 on the BSE on Wednesday, November 12, after the company reported a 19.7% year-on-year (YoY) decline in its consolidated profit after tax (PAT) for the second quarter of FY26. PAT stood at Rs 230 crore in Q2FY26, compared to Rs 287 crore reported in the same period last year.

In contrast, RVNL recorded revenue growth in the quarter. The company posted a total revenue of Rs 5,123 crore in the September quarter, reflecting a 5.5% increase from Rs 4,855 crore in Q2FY25.

EBITDA for the quarter came in at Rs 217 crore, down 20.1% from Rs 271 crore reported in the corresponding quarter of the previous fiscal.


The EBITDA margin also contracted by 140 basis points (bps), coming in at 4.2% for Q2FY26 as against 5.6% in Q2FY25.

RVNL share price history

Shares of RVNL have witnessed a steady decline across multiple time frames.

Over the past year, it has dropped by 27.22%, while the year-to-date (YTD) performance shows a fall of 25.74%, highlighting persistent downward pressure. In the last six months, the stock has edged down 1.81%, and over the past three months, it has declined further by 7.25%. The one-month performance remains weak as well, with a 7.15% drop, reflecting continued bearish sentiment.

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On Tuesday, shares of RVNL closed flat at Rs 317.70 on the BSE.

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