Shares of Rail Vikas Nigam Ltd (RVNL) are trading flat after touching a day’s high of Rs 317.90 on 24th November, even as the company announced that it has emerged as the lowest bidder (L1) for a Northern Railway project involving the design, supply, erection, testing and commissioning of overhead equipment (OHE) modification and feeder wire work for a 2×25 kV traction system.

The project aims to upgrade the capacity of the UTR-MWP section, covering 184 RKM/368 TKM in the Lucknow division of the NE Railway. It will be carried out in the normal course of business. Completion is expected in 24 months.

The contract is valued at Rs 180.77 crore, including taxes, and does not involve any promoter interest or related-party transactions.

RVNL Second Quarter Results

Rail Vikas Nigam reported a 19.7% year-over-year drop in net profit for the September quarter. It came in at Rs 230.3 crore compared to Rs 286.9 crore last year. Revenue from operations rose 5.5% to Rs 5,123 crore from Rs 4,855 crore a year ago.

However, operating performance weakened. EBITDA fell 20.3% to Rs 216.9 crore from Rs 272 crore. Additionally, the EBITDA margin contracted to 4.2% from 5.6% a year earlier. This highlights higher costs and lower profitability despite rising revenue.

Still, profitability improved sharply from the previous quarter ended June 2025. The EBITDA margin was just 1.4% and revenue was lower then.

At 12:23 PM, shares of RVNL were trading 0.18% higher at Rs 314.55 on NSE.

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