RVNL Q1 2026 profit rises 15% as order book expands

Rail Vikas Nigam Ltd (RVNL) on Friday reported a 15% year-over-year increase in net profit for the first quarter of fiscal 2026, citing strong order inflows and execution momentum.

The state-run infrastructure company said profit after tax rose to ₹280 crore in Q1 2026 from ₹243 crore in the same period a year earlier. Revenue climbed 18% to ₹3,250 crore, supported by a 22% expansion in the order book to ₹18,500 crore.

RVNL attributed the growth to accelerated project awards under India’s national infrastructure pipeline, including railway electrification and dedicated freight corridor works. The company also highlighted improved operational efficiency and cost controls as key contributors to the profit uptick.

Order execution remained robust, with the company reporting a 19% increase in project completions year-over-year. RVNL’s backlog now stands at ₹32,000 crore, providing visibility for future revenue streams.

Analysts noted that the earnings beat expectations, with the order book growth signaling sustained demand for infrastructure development. The company’s focus on high-margin projects was seen as a positive differentiator in the current fiscal environment.

RVNL’s shares were trading 1.8% higher in early trade on Friday following the results announcement.