Rail Vikas Nigam Stock Slumps to 2-Year Low, Extending Losses for Fifth Straight Session

Rail Vikas Nigam Limited Shares Extend Losses for Fifth Consecutive Session

Rail Vikas Nigam Limited (RVNL) shares continued their downward trend on Tuesday, June 2, falling 3% to reach a low of ₹232.80 per share. This marks the fifth consecutive session of sell-off, with the stock losing 14.5% of its value over the past five trading sessions. The company's market capitalization has dropped below ₹50,000 crore, making it one of the worst-performing mid-cap stocks of 2026.

The sell-off has been ongoing since the beginning of the year, with the situation intensifying after the company announced its March quarter results last week, which came in below Street estimates. The latest decline has widened the stock's year-to-date losses to 33%, marking its steepest annual fall since its listing in 2019. In 2025, the stock had already declined by 15.5%.

Despite the decline, retail investor confidence appears to remain intact, with retail shareholders collectively holding a 15.9% stake at the end of the March quarter, according to Trendlyne data.

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RVNL Q4 Results 2026

For the March quarter, RVNL reported revenue from operations of ₹6,696 crore, a growth of around 4.2% year-over-year (YoY) compared to ₹6,427 crore in the year-ago quarter. Total income for the quarter stood at ₹6,780.9 crore versus ₹6,614.5 crore in Q4 FY25.

However, profitability remained under pressure during the quarter. Net profit after tax declined sharply by 59% YoY to ₹187 crore from ₹455.4 crore reported in the corresponding quarter last year. The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q4 FY26 stood at around ₹268.5 crore, compared to ₹436.1 crore in Q4 FY25, reflecting a 38.4% YoY drop. The EBITDA margin contracted sharply to 4% from 6.8% in the year-ago quarter.

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On a sequential basis, revenue improved significantly from ₹4,684.5 crore reported in Q3 FY26, while net profit declined from ₹324.1 crore in the December quarter.

For the full financial year FY26, revenue from operations rose marginally to ₹20,412.1 crore from ₹19,923.3 crore reported in FY25. Total income for the year stood at ₹21,187.4 crore compared to ₹20,923.4 crore in the previous financial year.

Meanwhile, FY26 net profit after tax declined to ₹875 crore from ₹1,278 crore in FY25, reflecting a fall of nearly 31.5% YoY. Profit before tax for the year came in at ₹1,181.2 crore versus ₹1,646.4 crore in the previous year.

The company, along with its financial results, announced a final dividend of ₹0.71 per equity share for FY26, subject to shareholders' approval.