RVNL shares fall 4% after Q4 profit drops 43% y-o-y

RVNL Q4 Results: PAT plunges 43% YoY to Rs 212 crore; revenue up 5%

RVNL posted Q4FY26 standalone PAT of Rs 212 crore, down 43% YoY and 20% QoQ, while revenue rose 5% to Rs 6,648 crore; full-year PAT collapsed 33% to Rs 800 crore despite flat topline growth. The margin compression — costs up 7% YoY with negative cash flow of Rs 1,923 crore — signals execution pressure on India's railway infrastructure PSU at a moment when capex cycle expectations remain high among infrastructure-exposed portfolios.