Mumbai, Nov. 14 -- Rail Vikas Nigam (RVNL), a Navratna Central Public Sector Enterprise under the Ministry of Railways, reported a 10.06 per cent year-on-year increase in consolidated profit after tax (PAT) to Rs 2.54 billion in Q2 FY27, compared with Rs 2.31 billion in the corresponding quarter of the previous year.

The company's consolidated revenue from operations stood at Rs 47.01 billion in Q2 FY27, up 8.79 per cent from Rs 43.21 billion in Q1 FY27. Consolidated profit before tax (PBT) rose 45.59 per cent sequentially to Rs 3.25 billion from Rs 2.24 billion. PAT increased 59.04 per cent from Rs 1.60 billion in the preceding quarter. Consolidated earnings per share improved to Rs 1.20 from Rs 0.76 in Q1 FY27.

For the first half of FY27, consolidated PAT increased 13.25 per cent to Rs 4.13 billion from Rs 3.65 billion in H1 FY26. Consolidated PBT rose 6.43 per cent to Rs 5.49 billion from Rs 5.16 billion, while total comprehensive income increased 19.28 per cent to Rs 4.18 billion from Rs 3.50 billion.

On a standalone basis, RVNL reported PAT of Rs 2.15 billion in Q2 FY27, compared with Rs 1.96 billion in Q2 FY26. H1 standalone PAT rose 14.29 per cent to Rs 3.70 billion from Rs 3.24 billion in the year-ago period.

Standalone revenue from operations increased 8.38 per cent sequentially to Rs 46.63 billion in Q2 FY27 from Rs 43.03 billion in Q1 FY27. For H1 FY27, it stood at Rs 89.66 billion, compared with Rs 88.60 billion in H1 FY26, registering growth of 1.20 per cent.

Operating cash flow turns positive

RVNL reported consolidated cash flow from operating activities of Rs 5.89 billion in H1 FY27, compared with a negative cash flow of Rs 12.55 billion in the corresponding period of the previous financial year.

The company's consolidated total equity stood at Rs 101.02 billion as on 30 September 2026, compared with Rs 98.35 billion as on 31 March 2026. Cash and cash equivalents increased to Rs 6.91 billion from Rs 5.56 billion over the same period.

Commenting on the results, Saleem Ahmad, Chairman and Managing Director, RVNL, said the sequential improvement in profitability and growth in half-year PAT reflected the company's execution capabilities and focus on operational efficiency. He added that RVNL would focus on accelerating project execution and pursuing opportunities across infrastructure sectors.

Published by HT Digital Content Services with permission from Construction World.