RVNL Announces FY2026 Financial Results, Recommends Rs 0.71 Dividend

RVNL Announces FY2026 Financial Results, Recommends Rs 0.71 Dividend​

Rail Vikas Nigam Limited (RVNL) announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company also recommended a final dividend of Rs 0.71 per share for the financial year 2025-26.

The Board of Directors of RVNL, during a meeting held on May 25, 2026, approved the audited financial results. The statutory auditors, M/s Gandhi Minocha & Co., Chartered Accountants, issued an unmodified opinion on both the standalone and consolidated financial results for the year ended March 31, 2026.

Operationally, the Board also approved the closure of the RVNL Joint Venture company, Mis. Kyrgyzindustry-RVNL CJSC, in Kyrgyzstan.

Financial Performance Highlights​

The consolidated financial results provide a detailed view of the company's performance for the year ended March 31, 2026. The company reported a total revenue of ₹21,187.35 crore for the financial year 2026, compared to ₹20,923.38 crore in 2025.

The consolidated net profit after tax reached ₹870.66 crore for the financial year 2026.

A snapshot of the key financial results for the year ended March 31, 2026, is presented below:


For the Balance Sheet, the total assets of the Group stood at ₹21,701.99 crore as at March 31, 2026, compared to ₹11,667.41 crore as at March 31, 2025. Total equity and liabilities matched this figure, indicating a strong financial structure.

Dividend Recommendation​

The Board recommended a Final Dividend of Rs 0.71 per share on the paid-up equity share capital, which has a face value of Rs 10 each. This recommendation is subject to approval by the shareholders at the ensuing Annual General Meeting (AGM). This dividend is in addition to the interim dividend of Rs 1 per equity share paid during the year.

Audit Observations and Emphasis of Matter​

The audit report highlighted two specific matters for note.

First, regarding receivables, the company noted that the total amount receivable from Krishnapatnam Railway Company Limited (KRCL) as on March 31, 2026, is ₹1,116.26 crore. This amount includes ₹889.95 crore on account of interest on delayed payment. The company mentioned that the application of interest changed from compound to simple w.e.f. October 1, 2024, while KRCL had requested simple interest application from April 1, 2020. This matter remains pending with the Board of Directors.

Second, the audit report noted that balances of some Trade Receivables, Other Assets, Trade and Other Payable accounts are subject to confirmation and reconciliation from the respective parties, though management does not expect material differences affecting the financial statements for the year ended March 31, 2026.

The Company’s management also detailed that the consolidated financial results incorporate subsidiary and joint venture results based on audited and management-certified financial statements, respectively.

RVNL Stock Price Movement​

Today, Rail Vikas Nigam Limited shares edged higher to close at ₹272.45, marking a positive gain of 0.59%. The stock saw strong activity, handling a volume of 7.24 million shares and settling near its day's low of ₹272.00.