Rail Vikas Nigam Limited — Investor Meet, 09-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

RVNL reported Q3 FY26 top line of INR 4,936 Cr and PBT of INR 359 Cr. For the nine-month period of FY26, consolidated top line was INR 14,406 Cr with PBT of INR 841 Cr. The total order book stands strong at INR 87,000 Cr (INR 40,000 Cr nomination, INR 47,000 Cr bidding), with key projects like Vande Bharat (prototype by June/July 2026) progressing well. Management anticipates 1-2% top line growth and potential profit dip for FY26 due to bidding work margins. For FY27, a 10% sustainable growth in top and bottom line is targeted, aiming for a 7% EBITDA margin. The company is actively diversifying into highway, port, and state PSU projects.