Rail Vikas Nigam Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

RVNL's Q2 FY26 call highlighted strong project progress in traditional railway and new bidding wins. The order book is robust at ~INR 90,000 Cr as of Sep 30, offering 4 years of revenue visibility. H1 order inflow was INR 2,000 Cr, with FY26 target inflow of INR 8,000-10,000 Cr. Management aims for ~INR 21,000-22,000 Cr revenue this fiscal, anticipating a strong H2. While H1 margins were lower due to bidding projects, RVNL is exploring high-margin sectors like solar, O&M, HAM, and international projects (current ~INR 3,200 Cr). Focus remains on diverse and quicker execution to boost future performance. Sentiment is confident on maintaining growth.