AI-Powered Summary
Market Context
Top Queries
More News
Explore Prysm Tools
Related Stories
RVNL releases Q2 FY26 concall transcript, highlights ₹90,000 crore order book & future strategy
Rail Vikas Nigam Limited
AI Sentiment Analysis
November 17, 2025, 11:31 AM
RVNL released its Q2 FY26 concall transcript, revealing a ₹90,000 crore order book, ₹2,000 crore H1 FY26 order inflow, and maintaining ₹21,000-₹22,000 crore FY26 revenue guidance, with plans for margin improvement and international expansion.
Top Queries to Ask About Rail Vikas Nigam Limited
InstantThinking to buy or sell Rail Vikas Nigam Limited? Ask AI before you act.
Trusted by 5,000+ users
More Details on This News
- Rail Vikas Nigam Limited (RVNL) has released the transcript of its Conference Call with Investors/Analysts/Institutions for Q2 FY26, which was held on November 12, 2025.
- As of September 30, 2025, RVNL reported a total order book of approximately ₹90,000 crore. This includes ₹43,000 crore from legacy railway projects and ₹46,000 crore from projects secured through competitive bidding in various sectors.
- The order book from bidding projects is diversified, with 33% from railway projects, 22% from the metro sector, 10% from the road sector, 12% from the BharatNet project, and 10% from Vande Bharat manufacturing.
- The company's order inflow for Q2 FY26 was ₹852 crore, contributing to a total order inflow of ₹2,000 crore in the first half of FY26.
- For the Vande Bharat project, the first prototype is anticipated by June 2026, followed by the second prototype in August 2026. After testing and certification, 12 regular trains will be produced in FY26-27, and 25 trains annually for the subsequent five years. Operations and Maintenance (O&M) services will span 35 years.
- Management noted that EBITDA margins in the first half were affected by a 30% contribution from bidding projects, which typically have lower margins than legacy projects. RVNL aims to improve margins by focusing on higher-margin projects, such as the Hybrid Annuity Model (HAM) and international ventures, and by standardizing processes.
- RVNL maintains its revenue guidance for FY26 at ₹21,000 crore to ₹22,000 crore, expecting a significant acceleration in execution pace during Q3 and Q4.
- The company projects order inflows of ₹8,000 crore to ₹10,000 crore for FY26, based on bidding for projects valued between ₹75,000 crore and ₹80,000 crore with a 10%-12% success rate.
- The current order book is deemed sufficient to sustain operations for the next four years, and RVNL targets at least 10% revenue growth in FY27.
- RVNL's international order book stands at ₹3,200 crore, with plans to substantially increase its global operations for better revenue margins.
More News on Rail Vikas Nigam Limited
Analyze Rail Vikas Nigam Limited