Rail Vikas Nigam in focus today after mixed Q2 performance; stock down 68% from record peak

Résumé détaillé

Rail Vikas Nigam reported Q2 FY27 net profit growth of 10% to ₹253.71 crore, despite an 8.24% revenue decline. Operating profit rose 19.51%. For H1, net profit increased 13.25% and operating profit surged 62.29%, while revenue was nearly flat.

Shares of Rail Vikas Nigam (RVNL) are expected to attract investor interest during Friday's trade, November 13, after the railway major reported its financial performance for the September quarter (Q2 FY27) post-market hours on Thursday.

The company reported a net profit of ₹253.71 crore in Q2 FY27, registering a growth of 10% year-on-year (YoY) compared to ₹230.52 crore in Q2 FY26. The growth in profitability came despite a decline in revenue, supported by a reduction in expenses during the quarter.

Revenue from operations declined by 8.24% YoY to ₹4,701 crore in Q2 FY27 from ₹5,123 crore in the corresponding quarter of the previous financial year.

On the operating front, RVNL reported an operating profit of ₹264 crore in Q2 FY27, marking an increase of 19.51% compared to ₹221 crore in Q2 FY26, indicating an improvement in operating performance despite the decline in revenue.

For the first half of FY27 (H1 FY27), RVNL reported a net profit of ₹413.23 crore, registering a growth of 13.25% compared to ₹365 crore in H1 FY26.

However, revenue from operations remained almost flat during the six-month period at ₹9,022 crore in H1 FY27 against ₹9,032 crore in H1 FY26, registering a marginal decline of 0.11% YoY.

On the operating front, the railway major reported a significant improvement, with operating profit increasing by 62.29% to ₹448.60 crore in H1 FY27 compared to ₹276.43 crore in the corresponding period of the previous financial year. The strong growth in operating profit indicates an improvement in operating profitability during the first half of FY27.

The shares have been falling steadily since May and have closed each following month in red, losing 40% through the October close. However, the stock saw renewed momentum in November, surging 14% so far.

Although its year-to-date losses widened to 42.5%, marking its biggest annual decline since listing in 2019. This came after the stock ended 2025 with a decline of 15.5%.

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