Shares of Rail Vikas Nigam Limited fell nearly 4 per cent in early trade on Tuesday after the company reported a sharp decline in quarterly profit for the March 2026 quarter, weighing on investor sentiment despite a modest rise in revenue.

The stock traded at ₹264.45 on the NSE at 10.14 am, after hitting an intraday low of ₹261.05 against the previous close of ₹272.45.

The company posted a standalone net profit of ₹212.27 crore in Q4FY26, down 43.1 per cent y-o-y from ₹373.34 crore reported in the corresponding quarter last year. Revenue from operations, however, rose 4.77 per cent y-o-y to ₹6,648.40 crore compared with ₹6,345.11 crore in Q4FY25.

In FY26, profit after tax stood at ₹800.48 crore, declining from ₹1,188.62 crore in FY25.

The board of the company recommended a final dividend of ₹0.71 per share for FY26.

The company also announced the closure of its joint venture entity, Kyrgyzindustry-RVNL CJSC, in Kyrgyzstan in the Central Asia region.

Published on May 26, 2026