Earnings · Defence and PSU · Q2 FY27 results declared
The RVNL Q2 results date was Thursday, 12 November 2026, a day earlier than my preview said, and the numbers are out: revenue of Rs 4,701 crore, down 8%, and consolidated profit of Rs 253.7 crore, up 10%. This page corrects the date and tests the base, the margin and the decoder against the result.
Quick answer
The RVNL Q2 results date was Thursday, 12 November 2026, not 13 November as my preview said. Consolidated profit was Rs 253.71 crore, up 10.1%, on revenue of Rs 4,700.96 crore, down 8.2%. Operating profit rose 19.5% (press reports; filing not opened).
Correction and latest update (Friday, 13 November 2026, 8:55 PM IST): my preview gave Friday, 13 November, from PSU Connect of 4 November. Multibagg reports that the company moved the board meeting forward a day in a filing of 9 November, and the board met from 5:00 to 7:10 PM IST on Thursday, 12 November. Kalkine published at 7:49 PM IST and Business Upturn at 7:57 PM IST. I did not find the order book, a dividend or the Friday close, and I have not opened the filing.
Key takeaways
- Date: the board met on Thursday, 12 November 2026; my preview’s 13 November was wrong because it missed the notice change.
- Result: revenue from operations Rs 4,700.96 crore (-8.2% on Rs 5,122.98 crore) and consolidated profit Rs 253.71 crore (+10.1% on Rs 230.52 crore).
- Base: the preview’s year-ago revenue was right; its Rs 230.29 crore profit was the owners’ line, and the total-profit comparative is Rs 230.52 crore.
- Margin: operating profit Rs 264 crore, up 19.5%, lifted the operating margin to 5.6% from 4.3%; the preview’s Q1 mark was about 4.3% (my calculation).
- Two profit lines: Rs 249.5 crore (+8.3%) also appears and looks like profit attributable to owners (my reading).
- Gaps: no order book, no dividend and no analyst consensus found; the preview’s Rs 93,490 crore order book is as of 30 June.
In plain words: Rail Vikas Nigam (RVNL) is a government-owned company that builds railway lines, electrification, signalling and metro projects. This quarter it completed less work, so sales fell, but it kept more of each rupee, so profit rose.
Data note: Figures are as of 13 November 2026, 8:55 PM IST and are consolidated unless stated. Q2 FY27 figures come from Angel One, Lapaas Voice, Business Upturn, Kalkine and TradingView; earlier figures follow Business Standard, Kotak Neo, Investywise, PL Capital and Multibagg (an automated summary with an AI disclaimer). I could not open the exchange filings. Derived numbers are my calculation. I found no analyst consensus.
In this post
- What did RVNL report?
- When was the results date?
- What was the base, and what happened to it?
- Which figures are right?
- What about estimates, the price and the dividend?
- What drove the quarter?
- How did it compare with the scenarios?
- Decoder: what the result answered
- How to read the filing
- What most people miss
- FAQs
- Sources
What did RVNL report on the RVNL Q2 results date?
On the RVNL Q2 results date, 12 November 2026, consolidated revenue from operations was Rs 4,700.96 crore, down 8.2%, and consolidated profit was Rs 253.71 crore, up 10.1%. Operating profit was Rs 264 crore, up 19.5%.
| Line | Q2 FY27 reported | Preview marks | Outcome |
|---|---|---|---|
| Revenue | Rs 4,700.96 crore | Rs 5,122.98 crore (Q2 FY26); Rs 4,321.23 crore (Q1 FY27) | -8.2% on Q2 FY26; +8.8% on Q1 (my calculation) |
| Net profit | Rs 253.71 crore total; Rs 249.5 crore owners’ | Rs 230.29 crore; Rs 159.52 crore | +10.2% on the preview mark; +10.1% on the Rs 230.52 crore total comparative; +59.1% on Q1 |
| Operating margin | 5.6% (Rs 264 crore) | 4.27% or 4.41% (Q1 EBITDA) | Above both marks, on a different basis (my reading) |
| Order book | Not found | Rs 93,490 crore (30 June) | Cannot compare |
| Analyst estimate | Not found | None found | Cannot call a beat or miss |
| Dividend | None found with Q2 | None mentioned | None found |
Cite this table: RVNL Q2 FY27 against the preview marks, as of 13 November 2026, 8:55 PM IST, PositionalCalls; Q2 FY27 per Angel One, Lapaas Voice, Business Upturn and Kalkine.
The preview’s marks tie to the result: Rs 4,700.96 crore over Rs 4,321.23 crore is a rise of 8.8%, and Rs 253.71 crore over Rs 159.52 crore is 59.1% (my calculation). The full analysis, with the profit bridge, the standalone figures and the filing flags, is in RVNL Q2 results FY27; here I keep the date, the base and the decoder.
When was the RVNL Q2 results date, and why did my preview have the wrong day?
The RVNL Q2 results date was Thursday, 12 November 2026, not Friday, 13 November. The board met from 5:00 to 7:10 PM IST, and Kalkine published at 7:49 PM IST and Business Upturn at 7:57 PM IST. My preview used PSU Connect’s 4 November report and missed the change. Multibagg says the company first notified a 13 November meeting and then moved it forward a day in a filing of 9 November. My preview did not pick that up and I did not re-check the exchange notice before publishing the update of 11 November; that was my error. The results came after the NSE’s regular 3:30 PM close, so the first trading reaction fell on Friday, 13 November (my reading). The SEBI limit was Saturday, 14 November, 45 days after quarter end, so the company reported two days before it.
RVNL Q2 results date: what the sources said, and what held
| Item | Preview said | Result | Status |
|---|---|---|---|
| Board meeting day | 13 November 2026 (PSU Connect, 4 Nov) | 12 November 2026, per a 9 November filing (Multibagg); board met 5:00 to 7:10 PM IST (Kalkine) | Wrong; corrected |
| Week list | RVNL listed on 13 November (Upstox, 8 Nov) | Not re-checked | Superseded |
| Trading window | Closed 1 October to 15 November (PSU Connect) | That end date assumed a 13 November result; I found no revised date | Not re-checked |
| Publication time | Not stated | 7:47 to 7:57 PM IST in press reports; exchange time not found | Partly confirmed |
| Dividend on the agenda | Not mentioned | None found in the Q2 reports | None found |
| Filing deadline | 14 November 2026 | Met, two days early | Confirmed (my calculation) |
Cite this table: RVNL Q2 results date status, as of 13 November 2026, 8:55 PM IST, PositionalCalls.
Why last year’s timing is only a loose guide to the RVNL Q2 results date
The Q2 FY26 results were reported on 12 November 2025 and the shares rose 0.42% to Rs 319.05 on the BSE (Business Standard). This year’s results came on the same calendar day, 12 November. See the Q2 results hub for other reporters.
What was the profit and revenue base RVNL had to beat, and what happened to it?
The preview base was Q2 FY26 revenue of Rs 5,122.98 crore and net profit of Rs 230.29 crore, with Q1 FY27 at Rs 4,321.23 crore and Rs 159.52 crore. Revenue came in 8.2% below the year-ago level and profit 10.2% above it (my calculation).
| Consolidated, Rs crore | Q2 FY26 | Q1 FY27 | Q2 FY27 result | Test |
|---|---|---|---|---|
| Revenue from operations | 5,122.98 | 4,321.23 | 4,700.96 | -8.2% year on year; +8.8% on Q1 |
| Net profit, total line | 230.52 | 159.52 | 253.71 | +10.1%; +59.1% |
| Net profit, owners’ line | 230.29 | 159.36 | 249.5 | +8.3% |
| Net profit margin (my calculation) | 4.50% | 3.69% | 5.40% | Up 0.9 point on a year ago |
| Operating profit | 221 | 185 | 264 | +19.5%; +42.7% |
| Profit before tax | 342.39 or 318.36 (sources differ) | 223.54 | Not found | Consolidated Q2 figure not reported |
Cite this table: RVNL base against the Q2 FY27 result, Business Standard, Kotak Neo, Angel One, Business Upturn and my calculation, as of 13 November 2026, 8:55 PM IST.
The preview’s Rs 230.29 crore was the owners’ line, and the year-ago total line is Rs 230.52 crore, a Rs 0.23 crore gap; it does not change the picture. Q2 FY26 profit had fallen 19.7% while revenue rose 5.5%, so the base was low, and the result cleared it on profit while missing it on revenue. For the year-ago profit before tax the preview showed two figures, Rs 342.39 crore (Business Standard) and Rs 318.36 crore (Multibagg). The result reports do not give a consolidated profit before tax, so that conflict stays open.
RVNL Q2 results date: the half-year base
| H1 (April to September) | FY26 base | FY27 result | Test |
|---|---|---|---|
| Revenue | Rs 9,031.75 crore | About Rs 9,022 crore | Flat; -0.1% (my calculation) |
| Net profit | Rs 364.82 crore | Rs 413.23 crore | +13.3% (Angel One; TradingView) |
| Preview illustration: H1 if Q2 equals Q1 | About Rs 319 crore | Rs 413.23 crore | Actual 29.5% above the illustration (my calculation; not an estimate) |
Cite this table: RVNL half-year base and result, Business Standard, Angel One and my calculation, as of 13 November 2026, 8:55 PM IST.
Revenue was flat over six months while profit rose 13.3%, so the improvement is in margin, not sales (my reading). The Rs 6,695.91 crore March-quarter revenue shows why quarters are lumpy, so the year-on-year comparison remains the cleaner one.
Which RVNL figures are the right ones to compare, and which conflicts did the result settle?
Compare total profit with total profit and owners’ profit with owners’ profit. The result settled the Q1 profit split as total Rs 159.52 crore against owners’ Rs 159.36 crore, and added a new one: Rs 253.71 crore against Rs 249.5 crore for Q2.
| Item | Figure A | Figure B | How to read it |
|---|---|---|---|
| Q2 FY27 profit | Rs 253.71 crore, +10.1% (Angel One; Lapaas Voice) | Rs 249.5 crore, +8.3% (Business Upturn) | Total line against probable owners’ line; the Rs 1.20 EPS ties to the second (my reading) |
| Q2 FY26 profit | Rs 230.52 crore (Angel One) | Rs 230.29 crore (Business Standard; preview) | Total line against owners’ line |
| Q1 FY27 profit | Rs 159.52 crore | Rs 159.36 crore (Kotak Neo) | Same split of Rs 0.16 crore |
| Q1 FY27 revenue | Rs 4,321.23 crore (Kotak Neo, Multibagg) | Rs 4,462.29 crore (Upstox, total income) | The gap reads as other income; the Q2 total income is Rs 4,835.88 crore (my reading) |
| Q1 FY27 EBITDA margin | 4.27% (Kotak Neo) | 4.41% (PL Capital) | Different definitions; Q2 operating margin is 5.6% on Rs 264 crore (my calculation) |
| Q2 FY26 PBT | Rs 342.39 crore (Business Standard) | Rs 318.36 crore (Multibagg) | Not resolved; no consolidated Q2 FY27 PBT was found |
Cite this table: RVNL conflicting figures, as of 13 November 2026, 8:55 PM IST, PositionalCalls.
The standalone figures for Q2 FY27, profit of Rs 214.66 crore on revenue of Rs 4,663.27 crore (Kalkine), sit about Rs 39 crore below consolidated profit (my calculation), so the choice of basis matters more this quarter than the preview’s Q1 gap of 2.5% suggested.
RVNL Q2 results date checklist: lines to keep on one basis
- Entity: consolidated, not standalone, unless the headline says otherwise.
- Profit label: total profit after tax, or owners’ profit, and the same one on both sides.
- Revenue: revenue from operations, not total income.
- Margin: note whether EBITDA includes other income before comparing with 4.27%, 4.41% or 5.6%.
I still found no published Q2 FY27 consensus for RVNL, so I cannot say whether the result beat or missed. The shares closed at Rs 205.40 on 12 November, before the results, and traded at Rs 203.23 at 10:13 AM on 13 November. The only broker view I found is PL Capital’s Sell at Rs 165 from 13 August. Broker views are shown only as reported, with date and source. They are not PositionalCalls targets and are not a view of mine. PL Capital has not, in the pages I found, updated its view after the Q2 result.
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The profit, then the order book
- The filing and the order-book check as they appear
- Base-versus-actual checks in plain words
- Links to every updated Q2 FY27 page
| Item | Figure | Source or note |
|---|---|---|
| Close, 12 Nov 2026 | Rs 205.40 (-1.91%) | Lapaas Voice; before the results, which came after 5:00 PM |
| Friday, 13 Nov, 10:13 AM | Rs 203.23 (-1.06%) | Angel One; a mid-morning reading, not a close |
| Friday close | Not found | No closing price in the reports |
| 30 Oct 2026 (preview) | Rs 179.67 | Upstox; the preview’s newest price |
| Move from 30 Oct to 12 Nov close | +14.3% | My calculation: 205.40 / 179.67 – 1 |
| PL Capital rating | Sell, target Rs 165 | 13 Aug 2026; one broker, no update found |
Cite this table: RVNL price and broker view, as of 13 November 2026, 8:55 PM IST. Not live; not a recommendation.
The rise from Rs 179.67 to Rs 205.40 came before the results, so none of it is a reaction to them (my reading). I found no closing price after the results, so I draw no conclusion about how the market took them.
RVNL dividend record around the results
| Ex-date | Rs per share | Note |
|---|---|---|
| 18 Aug 2026 | 0.71 | Listed by Upstox; type not stated |
| 11 Feb 2026 | 1.00 | Listed by Upstox; type not stated |
| Q2 FY27 result | None found | Not mentioned in the reports I read |
Cite this table: RVNL dividends, Upstox and the Q2 reports, as of 13 November 2026, 8:55 PM IST.
The two earlier payouts add to Rs 1.71 a share (my calculation). Only the exchange filing can confirm whether the board recommended anything on 12 November. For how dividend income is taxed, see dividend tax in India. Dividends are a board decision. Nothing here says one will be declared.
What drove RVNL’s Q2 numbers: execution, margin and other income?
Revenue fell 8.2% but operating profit rose 19.5%, lifting the operating margin from 4.3% to 5.6%. Other income fell about Rs 75 crore, and an unreported Rs 56 crore balancing figure kept profit rising (my calculation).
| Driver | Q2 FY26 | Q1 FY27 | Q2 FY27 (result) |
|---|---|---|---|
| Revenue from operations, Rs crore | 5,122.98 | 4,321.23 | 4,700.96 |
| Operating profit, Rs crore | 221 | 185 | 264 |
| Operating margin (my calculation) | 4.3% | 4.3% | 5.6% |
| Other income, Rs crore (total income less revenue; estimate) | 210.38 | 141.06 | 134.92 |
| Order book and inflow | Not in this post | Rs 93,490 crore; inflow Rs 5,420 crore | Not found |
| FY27 guidance | Not in this post | About 15% revenue; 15% to 20% profit | Not found |
Cite this table: RVNL drivers, preview marks and the Q2 FY27 result, as of 13 November 2026, 8:55 PM IST; Q2 FY27 per Angel One, Business Upturn and Lapaas Voice.
The preview called the Q2 margin the key line, ahead of revenue, and the result bears that out: margin explains why profit rose as revenue fell. The cause is not in the reports I read, because finance cost, depreciation and tax were not given, so I cannot say whether the Rs 56 crore balancing figure is repeatable. The order book matters more than the margin for what comes next. The preview’s Rs 93,490 crore is as of 30 June, Q1 inflow was only about a quarter of the Rs 20,000 to 25,000 crore annual target, and the Q2 reports give no update (preview; PL Capital).
How did the RVNL Q2 results date outcome compare with the scenario levels?
Revenue of Rs 4,700.96 crore sat between the preview’s Rs 4,321.23 crore and Rs 5,122.98 crore levels, and profit of Rs 253.71 crore sat between the Rs 230.29 crore level and the guided Rs 265 crore. The levels were illustrations, not forecasts.
| Scenario level in the preview | Level | Result | Where it landed |
|---|---|---|---|
| Revenue, Rs crore | 4,000; 4,321.23; 5,122.98; 5,891; 6,500 | 4,700.96 | Between 4,321.23 and 5,122.98; 20.2% below the guided 5,891 (my calculation) |
| Net profit, Rs crore | 160; 230.29; 265; 276 | 253.71 total; 249.5 owners’ | Between 230.29 and 265; 4.3% below 265 and 8.1% below 276 |
| Q1 net margin of 3.69% on actual revenue | About Rs 173.5 crore | Rs 253.71 crore | 46% above; the actual margin was 5.4% (my calculation) |
| Preview Example 3: profit of Rs 200 crore | +25.4% on Q1; -13.2% on the year ago | Rs 253.71 crore | +59.1% on Q1; +10.1% year on year |
Cite this table: RVNL preview scenario levels against the result, as of 13 November 2026, 8:55 PM IST.
The guided growth path of about 15% revenue growth would have meant Rs 5,891 crore for the quarter; actual revenue was 8.2% below the year-ago level, so the guided revenue path was not matched on this quarter’s figure. Profit growth of 10.1% is below the 15% to 20% guided range, though FY27 guidance applies to the full year and a single quarter is not a verdict (my reading). The preview’s “flat margin” example is the one that missed most: it assumed a 3.69% margin, and the margin was 5.4%.
What did the RVNL results answer from the results-day reading order?
The reading order was profit label, revenue, margin, net profit, other income, order book, guidance and dividend. The result answered revenue, margin and profit, partly answered other income, and left the order book, guidance and dividend unanswered.
| Order | Line to read | Mark | Result |
|---|---|---|---|
| 1 | Profit label and basis | Consolidated net profit after tax | Two lines: Rs 253.71 crore total; Rs 249.5 crore owners’ |
| 2 | Revenue from operations | Rs 5,122.98 crore; Rs 4,321.23 crore | Rs 4,700.96 crore; below the first, above the second |
| 3 | EBITDA and margin | 4.27% or 4.41% in Q1 | Operating margin 5.6% (Rs 264 crore); a different definition |
| 4 | Net profit | Rs 230.29 crore; Rs 159.52 crore | Rs 253.71 crore; above both |
| 5 | Other income and finance cost | Rs 141.06 crore gap in Q1 | Other income about Rs 135 crore (estimate); finance cost not found |
| 6 | Order book and inflow | Rs 93,490 crore; Rs 5,420 crore | Not found |
| 7 | FY27 guidance | About 15% revenue; 15% to 20% profit | Not found |
| 8 | Dividend | Rs 0.71 paid in August | None found with Q2 |
Cite this table: RVNL preview questions answered, PositionalCalls, as of 13 November 2026, 8:55 PM IST; filing not opened.
The preview told readers to set the price reaction aside until the numbers were read. The numbers are read, but the only price I found after the results is a mid-morning one, so I make no claim about the reaction.
How do I read the RVNL Q2 filing and avoid fake alerts?
To check the RVNL Q2 results date figures, open the result on the BSE or NSE announcement page for Rail Vikas Nigam Limited, not through a link in a message, and read the consolidated statement first. Treat any tip that asks for an OTP, a payment or a login as fake.
- Open the BSE or NSE corporate announcements page and search for Rail Vikas Nigam Limited.
- Choose the financial result filing for the quarter ended 30 September 2026, dated 12 November, and open the consolidated statement.
- Note the line labels: revenue from operations, other income, profit before tax, tax and profit after tax.
- Compare revenue and profit with Rs 4,700.96 crore and Rs 253.71 crore, and note whether the owners’ line is Rs 249.5 crore.
- Read the press release and the investor presentation for the order book, inflow and guidance wording, which the press reports did not carry.
- Check the notes for exceptional items, restated figures and contingent liabilities before using a growth rate.
A practical timeline helps: note the time the intimation reaches the exchange, read the statement and the press release in that order, then return to this page for the marks. Numbers quoted in messages in the first minutes are often headline-level and sometimes standalone, so confirm against the filing before sharing any figure.
Fake results alerts and paid tip groups multiply on results days. No genuine filing asks for a login, an OTP or money. PositionalCalls is not SEBI-registered, gives no buy or sell calls and never asks for payment.
What do most people miss about the RVNL Q2 results date and the result?
Most readers miss that the date moved to 12 November, that profit rose as revenue fell, that two profit lines exist, and that the order book was not updated. Six risk cards cover them.
Bottom line
The RVNL Q2 results date was Thursday, 12 November 2026, not the 13 November in my preview. Revenue was Rs 4,701 crore, down 8.2%, and consolidated profit Rs 253.7 crore, up 10.1%. The order book and the dividend are the gaps. This page gives no call. The full analysis is at RVNL Q2 results FY27.
RVNL Q2 results date: frequently asked questions
When was the RVNL Q2 results date?
The RVNL Q2 results date was Thursday, 12 November 2026. The board met from 5:00 to 7:10 PM IST, per Kalkine, and press reports followed at 7:49 and 7:57 PM IST. My preview said Friday, 13 November; Multibagg says the company moved the meeting forward in a 9 November filing.
What did RVNL report on the RVNL Q2 results date?
Consolidated revenue from operations was Rs 4,700.96 crore, down 8.2%, and consolidated profit was Rs 253.71 crore, up 10.1%. Operating profit rose 19.5% to Rs 264 crore, a 5.6% margin, per Angel One and Business Upturn. I did not open the exchange filing.
Why was the RVNL Q2 results date in my preview wrong?
The preview used PSU Connect’s 4 November report of a 13 November board meeting. Multibagg reports the company moved the meeting forward a day in a filing of 9 November. I did not re-check the exchange notice before the 11 November update, and the error was mine.
What time was the RVNL Q2 results date announcement?
The board met from 5:00 to 7:10 PM IST on 12 November, per Kalkine, after the NSE’s regular 3:30 PM close. Kalkine published at 7:49 PM and Business Upturn at 7:57 PM IST. I did not find the exchange filing time, so the first trading reaction fell on 13 November (my reading).
Was the preview base for the RVNL Q2 results date right?
Mostly. Year-ago revenue of Rs 5,122.98 crore was right. The preview’s Rs 230.29 crore profit was the owners’ line; the total-profit comparative is Rs 230.52 crore. Profit grew 10.1% on the total line and 8.3% on the owners’ line, per Angel One and Business Upturn.
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Never miss a Q2 results update
- Dates and times when companies confirm them
- Results explained without tips or targets
- Updated posts as they go live
Why did RVNL profit rise while revenue fell?
The operating margin rose from 4.3% to 5.6% as costs fell faster than revenue, so operating profit rose 19.5% on revenue down 8.2%. Other income fell about Rs 75 crore, and an unreported Rs 56 crore balancing figure kept profit rising (my calculation; filing not opened).
Did RVNL declare a dividend with the Q2 results?
I found no dividend in the reports I read for the RVNL Q2 results date. The Upstox record shows Rs 0.71 with an ex-date of 18 August 2026 and Rs 1.00 on 11 February 2026. Only the exchange filing can confirm whether the board recommended anything on 12 November.
The close of Rs 205.40 on 12 November came before the results. Angel One shows Rs 203.23 at 10:13 AM on 13 November, down 1.06%. I found no closing price after the results, so I draw no conclusion about the market’s reaction.
Did RVNL beat estimates in Q2?
I cannot call it. I found no analyst consensus for the RVNL Q2 results date, and the order book and guidance were not in the reports I read. The only broker view found is PL Capital’s Sell at Rs 165 from 13 August, which predates the result.
Is this a buy or sell recommendation for RVNL?
No. PositionalCalls is not SEBI-registered and gives no buy or sell calls, targets or price zones. This page reports the results from news pages, I did not open the filing, and nothing here is investment advice. Consult a registered adviser before investing.
Sources
- Kalkine: RVNL Q2 FY27 results, 7:49 PM IST, 12 November 2026; board timing and standalone figures.
- Business Upturn: RVNL Q2 results, 7:57 PM IST, 12 November 2026.
- Angel One: Rail Vikas Nigam share price in focus post Q2 FY27 earnings results, 13 November 2026.
- Lapaas Voice: RVNL Q2 FY27 results, 13 November 2026; 12 November close.
- TradingView: Rail Vikas Nigam in focus after mixed Q2 performance; undated, datelined 13 November.
- Multibagg: Rail Vikas Nigam to review Q2 FY27 results on November 12; board date change; an automated summary with an AI disclaimer.
- PositionalCalls: RVNL Q2 results FY27 analysis
- BSE corporate announcements: where the RVNL filing appears.
- NSE corporate filings: financial results: the same filing on NSE.
- PSU Connect: RVNL board to consider Q2 and H1 results on 13 November, 4 November 2026.
- Business Standard: Rail Vikas Nigam Q2 PAT slides 20%, 12 November 2025 (base quarter).
- Kotak Neo: RVNL Q1 FY27 results, August 2026.
- Investywise: RVNL Q1 FY27 consolidated profit, 11 August 2026 (filing summary).
- PL Capital: RVNL Q1 FY27 result update, 13 August 2026.
- Upstox: RVNL share price, snapshot 30 October 2026.
Disclosure: PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. PositionalCalls is an independent research and education site founded by Shubham Chaudhary. Nothing here is a recommendation, target or investment advice. How I researched this: for the RVNL Q2 results date I read the Q2 FY27 result reports of 12 and 13 November 2026, PSU Connect, Business Standard, Kotak Neo, Investywise, PL Capital and the Upstox company page, noted where sources differ, and marked every derived number as my calculation. I did not open any company filing or exchange document. Figures are as of 13 November 2026, 8:55 PM IST.
Shubham Chaudhary is the founder of PositionalCalls, an independent Indian stock market research website. He writes company fundamentals, quarterly results analysis, IPO analysis and sector research for NSE and BSE listed companies, with a focus on banking stocks, insurance and long-term value investing. Every article is built from primary sources such as RBI, SEBI, NSE and BSE filings and company annual reports, and states its risks plainly in simple language for retail investors.
Coverage areas Our research standards- Numbers checked against NSE, BSE and SEBI filings
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