Results analysis · Rail infrastructure
Looking for the RVNL Q2 results FY27? Rail Vikas Nigam reported on Thursday, 12 November 2026, after the market close: consolidated profit of Rs 253.71 crore, up 10.1%, on revenue of Rs 4,700.96 crore, down 8.2%. This page reconciles two profit figures, sets standalone against consolidated and shows what the reports leave out.
Quick answer
RVNL Q2 results FY27: consolidated profit was Rs 253.71 crore, up 10.1%, on revenue from operations of Rs 4,700.96 crore, down 8.2%. Operating profit rose 19.5% to Rs 264 crore, a 5.6% margin, so profit grew while sales fell (Angel One, Business Upturn). Profit attributable to owners appears as Rs 249.5 crore.
Latest update (Friday, 13 November 2026, 8:35 PM IST): Rail Vikas Nigam’s board met from 5:00 to 7:10 PM IST on Thursday, 12 November 2026, and Kalkine published the results at 7:49 PM IST and Business Upturn at 7:57 PM IST; Angel One and Lapaas Voice followed on Friday. I did not find the order book, a dividend, consolidated profit before tax or the Friday closing price, and I have not opened the exchange filing.
Key takeaways
- Headline: revenue from operations Rs 4,700.96 crore, down 8.2% from Rs 5,122.98 crore; consolidated profit Rs 253.71 crore, up 10.1% from Rs 230.52 crore (Angel One, Lapaas Voice).
- Margin: operating profit Rs 264 crore, up 19.5% from Rs 221 crore, lifted the margin from 4.3% to 5.6% (Business Upturn; my calculation for the margins).
- Two profit lines: Business Upturn shows Rs 249.5 crore, up 8.3%, which looks like profit attributable to owners (my reading); EPS of Rs 1.20 ties to that line.
- Standalone: profit Rs 214.66 crore, up 9.5%, on revenue of Rs 4,663.27 crore, down 5.5% (Kalkine; my calculation for the changes).
- Half year: profit Rs 413.23 crore, up 13.3%, on flat revenue of about Rs 9,022 crore (Angel One; TradingView).
- Date: the board moved the meeting from Friday, 13 November to Thursday, 12 November; my preview listed Friday. Filing not opened.
In plain words: Rail Vikas Nigam builds railway lines, stations and power projects for the government and earns money as work is completed. 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, 8:35 PM IST and are consolidated unless stated, for the quarter to 30 September 2026 (Q2 FY27). Consolidated lines come from Angel One, Lapaas Voice and Business Upturn; standalone and audit lines from Kalkine; earlier quarters from Multibagg; the price from Lapaas Voice and Angel One. I could not open the exchange filings. Derived numbers are my calculation. The preview base is from my RVNL preview. Where sources differ I show both.
In this post
- What did RVNL report?
- Why do the sources differ?
- Why did profit rise as sales fell?
- Standalone against consolidated
- How did Q2 compare with Q1 and the half year?
- What did the filing flag?
- Was the preview base right?
- When was it reported and what did the price do?
- What the reports do not show
- What does the arithmetic show?
- How to read the next results
- How to read the filing
- What most people miss
- FAQs
- Sources
What did Rail Vikas Nigam report in the RVNL Q2 results FY27?
Rail Vikas Nigam reported consolidated revenue from operations of Rs 4,700.96 crore for the quarter to 30 September 2026, down 8.2% from Rs 5,122.98 crore, and consolidated profit of Rs 253.71 crore, up 10.1% from Rs 230.52 crore. Operating profit was Rs 264 crore, up 19.5%.
The board met on Thursday, 12 November 2026, from 5:00 to 7:10 PM IST, after the NSE’s regular 3:30 PM close, so the first trading reaction fell on Friday, 13 November (my reading of the timing). Q2 is the second quarter of the company’s financial year 2026-27, and the reports I read all use the label Q2 FY27.
| RVNL Q2 FY27 (consolidated) | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue from operations | Rs 4,700.96 crore | Rs 5,122.98 crore | -8.2% |
| Total income | Rs 4,835.88 crore | Rs 5,333.36 crore | -9.3% |
| Other income (total income less revenue) | Rs 134.92 crore | Rs 210.38 crore | -35.9% (my calculation) |
| Operating profit, as reported | Rs 264 crore | Rs 221 crore | +19.5% |
| Operating margin | 5.6% | 4.3% | +1.3 points (my calculation) |
| Profit after tax | Rs 253.71 crore | Rs 230.52 crore | +10.1% |
| Profit attributable to owners (my reading) | Rs 249.5 crore | Rs 230.29 crore | +8.3% |
Cite this table: RVNL Q2 FY27 per Angel One, Lapaas Voice, Business Upturn and Multibagg; lines marked my calculation or my reading were derived by PositionalCalls.
These tie where I can test them: revenue of Rs 4,700.96 crore over Rs 5,122.98 crore is a fall of 8.2%, and Rs 264 crore on Rs 4,700.96 crore is a margin of 5.6% against Rs 221 crore on Rs 5,122.98 crore at 4.3% (my calculation). The other income line is not reported separately; I take total income less revenue, so treat it as an estimate.
Why do the sources show different profit for the RVNL Q2 results FY27?
Profit appears as Rs 253.71 crore, up 10.1% (Angel One, Lapaas Voice, TradingView), and as Rs 249.5 crore, up 8.3% (Business Upturn). The first tallies with total profit after tax and a year-ago Rs 230.52 crore; the second with profit attributable to owners and a year-ago Rs 230.29 crore (my reading).
| Item | Figure A | Figure B | My reading |
|---|---|---|---|
| Q2 FY27 profit | Rs 253.71 crore, +10.1% (Angel One; Lapaas Voice) | Rs 249.5 crore, +8.3% (Business Upturn) | Gap of Rs 4.2 crore, probably the minority share; unconfirmed |
| Year-ago profit | Rs 230.52 crore (Angel One) | Rs 230.29 crore (Multibagg); Rs 230.3 crore (Business Upturn) | Owners’ line against total line |
| Q1 FY27 profit | Rs 159.52 crore (Angel One) | Rs 159.36 crore, owners’ (Multibagg) | Same split of Rs 0.16 crore |
| Q1 FY27 revenue | Rs 4,321.23 crore (Multibagg) | Rs 4,322.23 crore (Lapaas Voice) | Multibagg ties to the half-year Rs 9,022 crore |
| Operating profit label | EBITDA (Business Upturn) | Operating profit (TradingView) | Same Rs 264 crore |
| Krishnapatnam receivable | Rs 1,047.08 crore (Kalkine) | Rs 1,057.13 crore (Lapaas Voice) | Both include Rs 889.95 crore of interest; basis not stated |
Cite this table: RVNL Q2 FY27 conflicts across sources, PositionalCalls, as of 13 November 2026, 8:35 PM IST.
The practical rule is to compare total profit with total profit and owners’ profit with owners’ profit. EPS helps: Rs 1.20 ties to Rs 249.5 crore, not to Rs 253.71 crore, as the arithmetic section shows, which supports reading the lower figure as the owners’ share.
Why did RVNL profit rise while revenue fell in the RVNL Q2 results FY27?
Costs fell faster than revenue. Revenue less operating profit fell 9.5% against revenue down 8.2%, so operating profit rose Rs 43 crore. Other income fell about Rs 75 crore, and the unreported lines below operating profit net to about Rs 56 crore in favour (my calculation).
| Step, Rs crore (consolidated) | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 4,700.96 | 5,122.98 | -8.2% |
| Revenue less operating profit (costs; my calculation) | 4,437 | 4,902 | -9.5% |
| Operating profit | 264 | 221 | +43 |
| Other income (estimate) | 134.92 | 210.38 | -75.46 |
| Depreciation, interest, tax and joint-venture share (balancing figure) | Not reported | Not reported | About +56 |
| Profit after tax | 253.71 | 230.52 | +23.19 |
| Profit after tax margin (my calculation) | 5.4% | 4.5% | +0.9 point |
Cite this table: RVNL Q2 FY27 profit bridge from Angel One, Business Upturn and Lapaas Voice; lines marked my calculation are derived and use rounded inputs.
The balancing figure of about Rs 56 crore is what remains after operating profit and other income: 23.19 less 43 plus 75.46 (my calculation, using the rounded Rs 264 crore and Rs 221 crore). It must come from lower depreciation, interest or tax, or a higher joint-venture share, but the reports I read give none of them, so I cannot say which. It matters because without it profit would have fallen, not risen.
How do the standalone and consolidated figures compare in the RVNL Q2 results FY27?
Standalone revenue was Rs 4,663.27 crore, down 5.5%, and standalone profit Rs 214.66 crore, up 9.5%, per Kalkine. Consolidated profit was Rs 39.05 crore higher, which is 15.4% of the consolidated figure, so subsidiaries and joint ventures add a meaningful share (my calculation).
| Standalone, Rs crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 4,663.27 | 4,934.59 | -5.5% |
| Profit after tax | 214.66 | 196.11 | +9.5% |
| Earnings per share, Rs | 1.03 | 0.94 | +9.6% |
| Profit before tax | 283.17 | Not given | Not comparable |
| Total expenses | 4,534.84 | Not given | Not comparable |
| H1 revenue | 8,966.08 | 8,859.89 | +1.2% |
| H1 profit | 370.28 | 323.96 | +14.3% |
Cite this table: RVNL standalone results per Kalkine; changes calculated by PositionalCalls.
The standalone year-ago figures match the earlier Investywise page for Q2 FY26, Rs 4,934.59 crore of revenue and Rs 196.11 crore of profit. The gap between standalone and consolidated profit, Rs 39.05 crore, is the contribution of subsidiaries, joint ventures and associates, but no source breaks it down (my reading). If the standalone profit before tax of Rs 283.17 crore and profit of Rs 214.66 crore both stand, the implied tax charge is about Rs 68.5 crore, a rate of 24.2% (my calculation, ignoring any exceptional items).
How did the RVNL Q2 results FY27 compare with Q1 and the half year?
Revenue rose 8.8% on Q1 FY27’s Rs 4,321.23 crore and consolidated profit rose 59.1% on Rs 159.52 crore (my calculation). For the half year, profit was Rs 413.23 crore, up 13.3%, on revenue of about Rs 9,022 crore, unchanged on Rs 9,032 crore, while operating profit rose 62.3%.
| Consolidated, Rs crore | Q1 FY27 | Q2 FY27 | H1 FY27 | H1 FY26 |
|---|---|---|---|---|
| Revenue from operations | 4,321.23 | 4,700.96 | About 9,022 | About 9,032 |
| Operating profit | 185 | 264 | 448.60 | 276.43 |
| Operating margin (my calculation) | 4.3% | 5.6% | 5.0% | 3.1% |
| Profit after tax | 159.52 | 253.71 | 413.23 | About 365 |
| Total income | 4,462.29 | 4,835.88 | 9,298.17 | About 9,470 |
Cite this table: RVNL sequential and half-year lines per Multibagg, Angel One and TradingView; margins and the H1 FY26 totals are my calculation.
The half-year lines tie: Rs 159.52 crore plus Rs 253.71 crore is Rs 413.23 crore, and Rs 4,321.23 crore plus Rs 4,700.96 crore is Rs 9,022.19 crore (my calculation). Revenue is flat over six months, yet operating profit is up 62.3% and profit up 13.3%, so the improvement is in margin, not sales. Total income fell 1.8% over the half year because other income was lower.
What did the filing flag in the RVNL Q2 results FY27: a guarantee and a receivable?
The board approved an unconditional corporate guarantee of Rs 375 crore to Exim Bank for a Rs 1,500 crore loan to Kinet Railway Solutions, in which RVNL holds 25%. The auditor’s review report also carries an emphasis of matter on a Rs 1,047.08 crore receivable from Krishnapatnam Railway Company.
| Item | Reported | Detail | Source |
|---|---|---|---|
| Corporate guarantee | Rs 375 crore | Unconditional and irrevocable, for a proposed Rs 1,500 crore term loan to Kinet Railway Solutions; the guarantee is 25% of the loan, matching RVNL’s stake (my calculation) | Kalkine; Angel One |
| Krishnapatnam receivable | Rs 1,047.08 crore | Includes Rs 889.95 crore of interest for delayed payment, about 85% of the total (my calculation); the interest method is under discussion | Kalkine |
| Receivable, other report | Rs 1,057.13 crore | Against Rs 1,190.73 crore a year earlier, with the same Rs 889.95 crore of interest | Lapaas Voice |
| Subsidiary | RVNL Infra South Africa | Deregistered with effect from 30 June 2026 | Kalkine |
Cite this table: RVNL items flagged in the results, as of 13 November 2026, 8:35 PM IST; filing not opened.
PositionalCalls WhatsApp channel
The profit, then the margin
- The RVNL numbers as they appear
- Costs and order book explained
- Links to updated posts
An emphasis of matter draws attention to an existing note; it is not a qualified opinion, but a receivable that is largely interest is worth reading. The receivable is Rs 133.6 crore lower in the Lapaas Voice comparison (1,190.73 less 1,057.13), though the interest portion is unchanged (my calculation). I have not seen the note, so I do not say whether any provision was made.
Was the RVNL Q2 results FY27 preview base right?
Mostly. The preview’s year-ago revenue of Rs 5,122.98 crore and Q1 revenue of Rs 4,321.23 crore were right, and its Rs 230.29 crore was the owners’ line. But it listed the results for Friday, 13 November, and the board met on Thursday, 12 November.
| Preview mark | Preview value | Result | Outcome |
|---|---|---|---|
| Results date | Friday, 13 November (PSU Connect) | Board met Thursday, 12 November | Wrong; the board moved the date |
| Q2 FY26 revenue | Rs 5,122.98 crore | Rs 4,700.96 crore | -8.2% (my calculation) |
| Q2 FY26 profit | Rs 230.29 crore (owners’) | Rs 253.71 crore total; Rs 249.5 crore owners’ | +10.1% total; +8.3% owners’ |
| Q1 FY27 revenue and profit | Rs 4,321.23 crore; Rs 159.52 crore | Rs 4,700.96 crore; Rs 253.71 crore | +8.8%; +59.1% |
| Order book | Rs 93,490 crore | Not in the Q2 reports | Cannot compare |
| Share price | Rs 179.67 on 30 October (preview) | Rs 205.40 close on 12 November | +14.3% (my calculation) |
Cite this table: RVNL preview marks against the result, PositionalCalls, as of 13 November 2026, 8:35 PM IST.
The date error came from the exchange notice changing: Multibagg says the company first notified a 13 November meeting and then moved it forward a day in a 9 November filing, which my preview did not pick up. Read the preview at RVNL Q2 results date FY27.
When was the RVNL Q2 results FY27 reported, and what did the price do?
The board met from 5:00 to 7:10 PM IST on Thursday, 12 November 2026; Kalkine published at 7:49 PM and Business Upturn at 7:57 PM. The stock closed at Rs 205.40 on 12 November, down 1.91%, and was at Rs 203.23 at 10:13 AM on Friday, down 1.06%.
| Item | Reading | Source and note |
|---|---|---|
| Board meeting | Thursday, 12 November 2026, 5:00 to 7:10 PM IST | Kalkine |
| Date change | From 13 November to 12 November, per a 9 November filing | Multibagg |
| Publication | 7:49 PM and 7:57 PM IST on 12 November | Kalkine; Business Upturn |
| Close, 12 November | Rs 205.40, down 1.91% | Lapaas Voice; before the results |
| Friday, 13 November, 10:13 AM | Rs 203.23, down 1.06% on the previous close | Angel One; a mid-morning reading |
| Friday close | Not found | No closing price in the reports |
| Dividend | None found | Not mentioned in the reports |
Cite this table: RVNL timing and price items, as of 13 November 2026, 8:35 PM IST; filing not opened.
The Rs 205.40 close came before the results, because the board met after 5:00 PM, so the first reaction is the Friday move, and I found only a mid-morning reading of a 1.06% fall (my reading). Year to date the stock was down 43.18% at the 12 November close (Lapaas Voice, citing The Financial Express) and 42.5% in a TradingView report, a gap that reflects different dates.
What do the reports not show about the RVNL Q2 results FY27?
The reports I read do not show the order book, order inflow, consolidated profit before tax, finance cost, depreciation, tax, a dividend, guidance or an analyst estimate. All figures are headline-level and I have not opened the filing.
| Item | Found? | Why it matters |
|---|---|---|
| Order book and inflow | No | The leading indicator for revenue; the preview’s Rs 93,490 crore is not updated |
| Consolidated profit before tax | No; standalone only | Needed to split operations from tax |
| Finance cost, depreciation, tax | No | They explain the Rs 56 crore balancing figure |
| Dividend | None found | Record date decides who is paid |
| Guidance | No | Needed for the next quarters |
| Analyst estimate | No | Needed to say beat or miss |
| Filing text | Not opened | All figures are headline-level |
Cite this table: RVNL items not found in the pages read, PositionalCalls, as of 13 November 2026, 8:35 PM IST.
A revenue fall of 8.2% with a profit rise of 10.1% looks reassuring only if the order book is growing; without it I draw no conclusion about the coming quarters.
What does the arithmetic show for the RVNL Q2 results FY27?
Seven checks hold: revenue change, margin, half-year profit and revenue, total income, standalone year-ago figures and EPS. EPS gives the sharpest test: Rs 1.20 ties to profit of Rs 249.5 crore on about 208.4 crore shares, not to Rs 253.71 crore, which would give Rs 1.22 (my calculation).
| Check (my calculation) | Working | Result |
|---|---|---|
| Revenue change | 4,700.96 / 5,122.98 – 1 | -8.2% |
| Operating margin | 264 / 4,700.96 | 5.6% |
| Half-year profit | 159.52 + 253.71 | 413.23, matches |
| Half-year revenue | 4,321.23 + 4,700.96 | 9,022.19, matches the reported 9,022 |
| Half-year operating profit | 185 + 264 | 449 against 448.60, rounding |
| Total income change | 4,835.88 / 5,333.36 – 1 | -9.3% |
| Share count from standalone | 214.66 / 1.03 | About 208.4 crore shares |
| Consolidated EPS | 249.5 / 208.4 against 253.71 / 208.4 | 1.20 against 1.22; reported 1.20 |
Cite this table: RVNL Q2 FY27 tie-outs by PositionalCalls from the sources listed; the share count is derived and unconfirmed.
Two worked examples for an RVNL Q2 results FY27 reader
Example 1, the margin gain. At last year’s 4.3% operating margin, revenue of Rs 4,701 crore would have produced about Rs 203 crore of operating profit; the actual Rs 264 crore is about Rs 61 crore higher (my calculation). Example 2, other income. If other income had held at last year’s estimated Rs 210 crore, total income would have been about Rs 75 crore higher, before tax (my calculation); the profit rise came despite that fall.
How do I read the next RVNL results after this one?
On the next results, read in this order: order book and inflow, operating margin against 5.6%, other income, the gap between standalone and consolidated profit, the Krishnapatnam receivable, and the dividend. These show whether the margin gain is repeatable.
| Order | Line to read | Mark to compare | Why it comes first |
|---|---|---|---|
| 1 | Order book and inflow | Rs 93,490 crore in my preview | Leading indicator |
| 2 | Operating margin | 5.6% (4.3% a year ago) | Source of the profit rise |
| 3 | Other income | About Rs 135 crore (estimate) | Fell about Rs 75 crore |
| 4 | Standalone against consolidated profit | Rs 214.66 crore against Rs 253.71 crore | Joint-venture contribution |
| 5 | Krishnapatnam receivable | Rs 1,047.08 crore or Rs 1,057.13 crore | Mostly interest |
| 6 | Dividend | None found | Check the filing |
Cite this table: RVNL reading order, PositionalCalls.
Any article on the RVNL Q2 results FY27 should say whether profit is total or owners’, whether it is consolidated or standalone, and what the year-ago base is. If it does not, it is a headline, not a reading.
How do I read the RVNL filing and avoid fake tips?
Open the NSE or BSE announcement for Rail Vikas Nigam Limited, not a link in a message, and read the standalone and consolidated results, the auditor’s review report and the corporate guarantee note. Never pay anyone for results tips.
- Open the exchange announcement page for Rail Vikas Nigam Limited.
- Read the unaudited standalone and consolidated results for the quarter ended 30 September 2026.
- Compare with Rs 4,700.96 crore, Rs 253.71 crore and Rs 249.5 crore.
- Read the auditor’s report, the Krishnapatnam note and the guarantee.
- Check finance cost, depreciation, tax and any dividend.
PositionalCalls is not SEBI-registered, gives no buy or sell calls and never asks for payment. Nothing here is investment advice.
What do most people miss in the RVNL Q2 results FY27?
Most readers of the RVNL Q2 results FY27 miss that profit rose while revenue fell, that two profit figures exist, that the board met a day earlier than listed, and that the standalone profit is smaller than the consolidated profit.
Analyst’s note. What stands out: profit rose Rs 23 crore while revenue fell Rs 422 crore, because costs fell more than sales and an unexplained Rs 56 crore helped below operating profit (my calculation). What is easy to miss: other income fell about Rs 75 crore, so the underlying gain is larger than the headline. Caution: figures come from news pages and I did not open the filing; this note is reasoning, not a forecast or target. Reader action: read the order book and the lines below operating profit before treating Rs 253.71 crore as a base.
Bottom line
The RVNL Q2 results FY27 show revenue of Rs 4,700.96 crore, down 8.2%, and consolidated profit of Rs 253.71 crore, up 10.1%, with operating profit up 19.5% and the margin at 5.6%. The gaps are the order book, the lines below operating profit and the dividend, and this page gives no call. Read the preview at RVNL Q2 results date FY27.
PositionalCalls WhatsApp channel
Never miss an update
- Results dates and dividend news
- Numbers explained without tips or targets
- Updated posts as they go live
RVNL Q2 results FY27: frequently asked questions
What were the RVNL Q2 results FY27?
The RVNL Q2 results FY27 show consolidated revenue from operations of Rs 4,700.96 crore, down 8.2%, consolidated profit of Rs 253.71 crore, up 10.1%, and operating profit of Rs 264 crore, up 19.5%, per Angel One and Business Upturn. I did not open the filing.
When did Rail Vikas Nigam report its Q2 results?
On Thursday, 12 November 2026, not Friday as my preview listed. The board met from 5:00 to 7:10 PM IST, and Kalkine published at 7:49 PM and Business Upturn at 7:57 PM. Multibagg says a 9 November filing moved the meeting forward from 13 November.
Why do the RVNL Q2 results FY27 show two profit figures?
Angel One and Lapaas Voice give Rs 253.71 crore, up 10.1% on Rs 230.52 crore, while Business Upturn gives Rs 249.5 crore, up 8.3%. I read the second as profit attributable to owners, because EPS of Rs 1.20 ties to it (my calculation); the gap is probably the minority share.
Why did RVNL profit rise when revenue fell?
Costs fell faster than sales. Revenue less operating profit fell 9.5% against revenue down 8.2%, lifting operating profit 19.5% and the margin from 4.3% to 5.6% (my calculation). Other income fell about Rs 75 crore, and an unreported Rs 56 crore below operating profit also helped.
What were RVNL’s standalone Q2 results?
Standalone revenue was Rs 4,663.27 crore, down 5.5% from Rs 4,934.59 crore, and standalone profit was Rs 214.66 crore, up 9.5% from Rs 196.11 crore, per Kalkine. Standalone EPS was Rs 1.03. The consolidated profit is Rs 39.05 crore higher (my calculation).
What did RVNL report for the first half of FY27?
Consolidated profit was Rs 413.23 crore, up 13.3%, on revenue of about Rs 9,022 crore against Rs 9,032 crore, down 0.1%. Operating profit was Rs 448.60 crore against Rs 276.43 crore. The Q1 and Q2 figures add up to these half-year totals (my calculation).
What is the Krishnapatnam receivable in the RVNL results?
The auditor’s review report carries an emphasis of matter on a Rs 1,047.08 crore receivable from Krishnapatnam Railway Company, of which Rs 889.95 crore is interest on delayed payment, per Kalkine. Lapaas Voice gives Rs 1,057.13 crore. The interest method is still under discussion; I have not seen the note.
Did RVNL declare a dividend with Q2 results?
I found no dividend in the reports I read for the RVNL Q2 results FY27. The board did approve a corporate guarantee of Rs 375 crore to Exim Bank for a loan to Kinet Railway Solutions. Only the exchange filing can confirm whether a dividend was declared and its record date.
The stock closed at Rs 205.40 on 12 November, before the results, and was at Rs 203.23 at 10:13 AM on Friday, 13 November, down 1.06% (Angel One). I did not find the Friday closing price, so I cannot give the full reaction. Check a live quote on the NSE or BSE.
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
- NSE India: corporate announcements: RVNL results filing.
- BSE India: corporate announcements: RVNL results filing.
- Kalkine: RVNL Q2 FY27 results, 7:49 PM IST, 12 November 2026; standalone figures, guarantee, auditor’s report.
- Business Upturn: RVNL Q2 results, 7:57 PM IST, 12 November 2026; revenue, profit, EBITDA.
- Angel One: Rail Vikas Nigam share price in focus post Q2 FY27 earnings results, 13 November 2026; consolidated lines, half year, Friday price.
- Lapaas Voice: RVNL Q2 FY27 results, 13 November 2026; consolidated lines, receivable, 12 November close.
- TradingView: Rail Vikas Nigam in focus after mixed Q2 performance; operating profit and half-year lines; undated, datelined 13 November.
- Multibagg: Rail Vikas Nigam to review Q2 FY27 results on November 12, 7:47 PM IST; board date change and earlier quarters; an automated summary with an AI disclaimer.
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 this page I read Kalkine, Business Upturn, Angel One, Lapaas Voice, TradingView and Multibagg, plus my own RVNL preview for the base, 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, 8:35 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
- Risks and limits stated in every article
- No paid promotions or broker tie-ups
- Articles updated when new filings arrive