Rail Vikas Nigam Ltd (RVNL) reported a 19.7% year-on-year decline in its net profit for the September quarter at ₹230.3 crore, compared to ₹286.9 crore in the same period last year.

The company’s revenue from operations rose 5.5% to ₹5,123 crore from ₹4,855 crore a year ago. However, operating performance weakened, with earnings before interest, tax, depreciation, and amortisation (EBITDA) falling 20.3% to ₹216.9 crore from ₹272 crore in the corresponding quarter last year.

EBITDA margin contracted to 4.2% from 5.6% a year earlier, reflecting cost pressures and reduced profitability despite higher revenue.

However, the profitability is significantly better compared to the preceding three months ended June 2025 when the EBITDA margin was just 1.4%. Even the topline was down in the fir

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