RVNL Q1FY27 Results: Net Profit Rises 19% to ₹159 Crore, Revenue Up 11%

Rail Vikas Nigam Limited reported a 19% year on year increase in consolidated net profit to ₹159.52 crore for the June quarter of FY27, compared with ₹134.36 crore in Q1 FY26. Revenue from operations rose 10.6% to ₹4,321.23 crore from ₹3,908.77 crore, while profit before tax increased 28.9% to ₹223.54 crore. The company also reported higher earnings per share of ₹0.76 against ₹0.65 a year earlier. The quarterly performance came with an improvement in operating profitability, although auditors highlighted a ₹1,091.91 crore receivable from Krishnapatnam Railway Company Limited as an item investors need to monitor.

The company also recorded a sharp improvement in EBITDA during the quarter, with operational EBITDA rising to ₹185 crore from ₹56 crore in Q1 FY26. EBITDA margin expanded to 4.27% from 1.42%. At the same time, RVNL's stock remains below its previous 52 week high of ₹400.70, having fallen 32.85% over the past year and 28% over six months based on the supplied data. The shares have nevertheless delivered a 686.32% return over five years, highlighting the wide difference between its long term performance and recent movement.

Q1 FY27 financial performance

RVNL's consolidated revenue from operations increased to ₹4,321.23 crore in Q1 FY27 from ₹3,908.77 crore in the year ago quarter. Total income stood at ₹4,462.29 crore, including other income of ₹141.06 crore. Total expenses increased to ₹4,244.91 crore from the previous year's level, while profit before tax rose 28.9% to ₹223.54 crore. After tax expenses of ₹64.02 crore, consolidated net profit reached ₹159.52 crore, compared with ₹134.36 crore in Q1 FY26.

Financial metric	Q1 FY27	Q1 FY26	YoY change
Revenue from operations	₹4,321.23 crore	₹3,908.77 crore	+10.6%
Total income	₹4,462.29 crore	Not provided	Not provided
Profit before tax	₹223.54 crore	₹173.41 crore	+28.9%
Net profit	₹159.52 crore	₹134.36 crore	+18.7%
EPS	₹0.76	₹0.65	+16.9%

EBITDA and margin improvement

Operating profitability improved at a faster pace than revenue during the quarter. EBITDA increased to ₹185 crore from ₹56 crore, representing a 232% year on year increase. EBITDA margin also expanded to 4.27% from 1.42%, a 285 basis point improvement. The figures indicate that operating earnings grew faster than revenue during Q1 FY27.

Operating metric	Q1 FY27	Q1 FY26	Change
EBITDA	₹185 crore	₹56 crore	+232%
EBITDA margin	4.27%	1.42%	+285 bps

KRCL receivable remains an area to watch

Statutory auditors drew attention to RVNL's receivable from Krishnapatnam Railway Company Limited (KRCL). As of June 30, 2026, the total receivable stood at ₹1,091.91 crore, including ₹889.95 crore relating to interest on delayed payment. The corresponding receivable as of June 30, 2025 was ₹1,275.25 crore, which also included ₹889.95 crore of interest.

The matter relates to the method used to calculate interest on delayed payments. RVNL changed the interest application from compound interest to simple interest with effect from October 1, 2024. KRCL has requested that simple interest be applied retrospectively from April 1, 2020. The applicability of simple interest for the period before September 30, 2024 remains under discussion, and any resulting financial adjustment will be recognised when the matter is concluded.

Standalone profit also increases

RVNL's standalone net profit increased to ₹155.62 crore in Q1 FY27 from ₹127.85 crore in the same quarter last year. The consolidated results include the interim results of nine subsidiaries and one associate along with eight joint ventures. The company stated that the results of one subsidiary and four joint ventures could not be included because the required financial information was not available, although management said the impact was not material to the group.

Corporate structure update

RVNL also informed the stock exchanges that its wholly owned subsidiary, RVNL Infra South Africa, was deregistered with effect from June 30, 2026. The update was disclosed under the applicable SEBI LODR requirements along with the quarterly financial results.

RVNL stock performance

RVNL shares have seen considerable volatility across different periods. The stock has declined 0.29% over one day, 1.25% over five days and 1.15% over one month. The six month decline stands at 28%, while the stock has fallen 32.85% over one year. Over five years, however, RVNL has delivered a 686.32% return based on the supplied stock performance data.

Period	Stock return
1 day	-0.29%
5 days	-1.25%
1 month	-1.15%
6 months	-28.00%
1 year	-32.85%
5 years	+686.32%

Stock outlook

The Q1 FY27 results show improvement in RVNL's revenue, profit and operating earnings, with EBITDA growth significantly ahead of revenue growth and margins expanding during the quarter. The ₹1,091.91 crore KRCL receivable remains an important matter to track because the final resolution of the interest calculation issue could affect the accounting treatment of the receivable. Investors can also monitor future earnings, order execution and developments around the company's subsidiaries and joint ventures as the financial year progresses.

What was RVNL's Q1 FY27 net profit?

RVNL reported a consolidated net profit of ₹159.52 crore in Q1 FY27, up 18.7% from ₹134.36 crore in Q1 FY26.

What was RVNL's Q1 FY27 revenue?

RVNL's revenue from operations increased 10.6% year on year to ₹4,321.23 crore in Q1 FY27 from ₹3,908.77 crore.

How much did RVNL's EBITDA increase in Q1 FY27?

RVNL's EBITDA increased 232% to ₹185 crore from ₹56 crore in Q1 FY26.

What was RVNL's EBITDA margin in Q1 FY27?

RVNL's EBITDA margin improved to 4.27% in Q1 FY27 from 1.42% in the year ago quarter.

What is the KRCL receivable issue for RVNL?

RVNL had ₹1,091.91 crore receivable from Krishnapatnam Railway Company Limited (KRCL) as of June 30, 2026. The amount includes ₹889.95 crore related to interest on delayed payments.

Why is the KRCL receivable being discussed?

The issue relates to the method used to calculate interest on delayed payments. RVNL changed from compound interest to simple interest from October 1, 2024, while KRCL has sought retrospective application of simple interest from April 1, 2020.

What was RVNL's EPS in Q1 FY27?

RVNL reported basic EPS of ₹0.76 in Q1 FY27, compared with ₹0.65 in Q1 FY26.

How has RVNL stock performed over one year?

RVNL shares have declined 32.85% over one year based on the supplied stock performance data.

What is RVNL's five year stock return?

RVNL has delivered a 686.32% return over five years based on the supplied stock performance data.

What is RVNL's 52 week high and low?

RVNL's 52 week high was ₹400.70, recorded on December 29, 2025, while the 52 week low was ₹220.16, recorded on July 28, 2026.

What should investors watch after RVNL's Q1 results?

Investors can track profit growth, EBITDA margins, order execution and the resolution of the KRCL receivable issue. Future developments involving subsidiaries and joint ventures may also influence the company's financial performance.