Q1-FY26 · Pravid Gorgji
The turnover from railways will continuously slide but it will be compensated by increase in turnover from bidding project. So I'm sure that by... we will not only be able to match last year, we will increase it also.
RVNL / language trends
Read confidence between the lines.
Rail Vikas Nigam · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
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Q1-FY26 · Chandan Kumar
In most of the bidding project, the work is just started executing, so no doubt it's very early to say but margin will improve once the work will start in full swing and change of scope... the margins will improve.
Q1-FY26 · Pravid Gorgji
We are quite hopeful that in the second quarter we expect to cover the substantial ground and we hope that our revenue will match last year's revenue to the second quarter cumulatively. No, we are already ahead now as of today we are already ahead in revenue compared to the last year.
Q2-FY26 · Management / CFO Response
In this year turnover there's almost 30% turnover has come from the bidding projects. Yes in legacy projects we have very good margin but in bidding projects the competitive margins are slightly lower which we are trying to improve in next quarter.
Q2-FY26 · Management Response
The revenue guidance which was given in the start of the year we still maintain that guideline guidance and the quarter 2 results are quite encouraging as far as the turnover is concerned and roughly we are in the same range as the last year.
Q2-FY26 · Management Response
In line with the industry standards the established infrastructure giants they derive at least 50% of their revenue from the global operations. So we hope to substantially improve on our global operations in the coming financial year so that our margins we maintain at the range of the five to 6% in future.
Q3-FY26 · Salee Ahmed
Our growth is in Top line is quite challenging right now because as you know from earlier we were getting railway works and now we are diversifying into bidding works also... definitely there will be some hit in our bottom line but I want to assure all of you that in future in the next financial year we'll be doing much better.
Q3-FY26 · Salee Ahmed
We are targeting growth of between about 10% per financial year and we will achieve it because our order book is very strong and the industry is also showing signs of lot of infrastructure works coming up.
Q3-FY26 · Chandan Kumar Parma
Margins we are like you as you know there are two revenue streams we have one is railway which have a very good profit streams and weddings we definitely are getting worse on competition basis. So sometimes the margins are less and high but on an average we will definitely get a data margin of 7%.
Q4-FY26 · CMD
The decline in the above parameter is mainly driven by a few onerous contracts and reconciliation adjustment relating to joint ventures. Overall, the results indicate strong revenue visibility and execution growth for the company. However, pressure on margins and profitability remains a key area of concern which may require close monitoring in the coming quarters.
Q4-FY26 · Management
We are definitely expecting a good rise in our revenue which will be around say 15 to 20%. And even the margins will definitely increase that I want to assure you and it will be much better than this year.
Q4-FY26 · Management
Cash flow is a challenge because we are working for Ministry of Railways and we have to get money from Ministry of Railways. Rs 3,400 crore were recoverable from MoR which we could not get within this year but we have received now in April.