Rail Vikas Nigam Ltd (BOM:542649)

Q2 2026 Rail Vikas Nigam Ltd Earnings Call Transcript

Nov 12, 2025 / 10:30 AM GMT

Release Date Price: ₹316.3 (-0.44%)

Transcript

Key Points

Positve

Rail Vikas Nigam Ltd (BOM:542649) reported improved results in Q2 FY26 compared to both the previous quarter and the same quarter last year.
The company has a robust order book of over INR 90,000 crores, providing stable revenue guidance for the next two to three years.
Rail Vikas Nigam Ltd is exploring new business opportunities in sunrise sectors such as solar with battery storage systems and international projects, including a flagship project in the Maldives.
The company is involved in multimodal logistics park sectors, which are expected to provide steady long-term revenue streams.
The management maintains a positive revenue guidance of INR 21,000 crores to INR 22,000 crores for the current financial year, with expectations of exceeding this target.

Negative

EBITDA margins have been impacted, dropping from 4%-5% last year due to a higher proportion of competitive bidding projects with lower margins.
The order inflow for the first half of FY26 was INR 2,000 crores, significantly lower than the previous year's INR 18,000 crores.
Operating cash flow turned negative in the first half due to a large negative cash outflow in the line item called other financial assets.
The company faces challenges in the road sector due to deferred tendering of high-value projects, impacting order inflow.
There is a concern about maintaining higher EBITDA margins in the future due to the competitive nature of bidding projects.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RAIV.NS - Rail Vikas Nigam Ltd
Q2 2026 Rail Vikas Nigam Ltd Earnings Call
Nov 12, 2025 / 10:30AM GMT

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Conference Call Participants
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* Raja Gopal
- Individual Investor
* Shubham Shelar
Antique Stock Broking Ltd - Analyst
* Abhishek Leekha
Neste Wealth LP - Analyst
* Vishal Periwal
Antique Stock Broking Ltd - Analyst

=====================
Presentation
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Operator [1]
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Ladies and gentlemen, good day, and welcome to the Rail Vikas Nigam Limited Q2 FY26 Earnings Conference Call. Please note, this call is for 40 minutes. (Operator Instructions)

Please note that this conference is being recorded. I will now hand over the call for the introduction of the RVNL management.

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