5426492025-10-012025-12-315426492025-04-012025-12-315426492025-10-012025-12-31in-capmkt:OtherExpenses1Member5426492025-04-012025-12-31in-capmkt:OtherExpenses1Member5426492025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15426492025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15426492025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss15426492025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares542649RVNLNOTLISTEDINE415G01027RAIL VIKAS NIGAM LIMITEDMain BoardEquity2025-04-012026-03-312026-02-052026-01-27INRCroresQuarterlyThird quarterSingle segmentDevelopment of Rail Infrastructure2026-02-0512:30:002026-02-0515:05:00Not applicable2025-10-012025-12-31UnauditedConsolidated468446000002516800000493614000004354140000000508000000104790000089000000588000000457743000003587100000035871000008939000001590000090980000002677300000000564100000324140000035500000327690000032283000001310000032638000001310000020850200000101.551.55001.551.551. The above Unaudited Consolidated Financial Results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective their meetings held on 05th February 2026. <BR> <BR> 2. The Consolidated Financial Results have been reviewed by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. <BR> <BR> 3. The Consolidated financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and other recognized accounting practices and policies to the extent applicable. <BR> <BR> 4. The Parent Company usually receives advance payment from Joint Venture Companies for incurring expenditure on their projects. However, in the case of one joint venture company i.e. Krishnapatnam Railway Company Limited (KRCL), the Parent Company had incurred project expenditure and the total amount receivable from KRCL as on 31st December 2025 is Rs. 1169.31 crore (up to 31.12.2024 Rs 1441.01 crore) which includes Rs. 889.95 crore cummulative interest based on compounding method (up to 31.12.2024 Rs 927.21 crore) on account of delayed payment. The application of interest has been changed from compound to simple w.e.f. 1st October 2024, whereas KRCL requested for application of simple interest w.e.f. 01.04.2020 in lieu of compounding interest. The matter is pending with the Board of Directors of the Parent Company and adjustment if any will be recognized as and when the matter is finalized. <BR> <BR> 5. In view of the representation made by KRCL for waiver of departmental charges and pending decision by the Board of Directors of the Parent Company, the claim for departmental charges @ 5% of the completion cost of the project has not been raised on KRCL by the Company. The matter is pending with the Board of Directors of the Company and adjustment if any will be recognized as and when the matter is finalized. <BR> <BR> 6. The consolidated financial results for the year ended March 31, 2025 included unaudited financial statements of certain subsidiaries and joint ventures, which were consolidated based on management-certified accounts due to non-availability of audited financials at that time. Subsequent to audit of the consolidated financial statement of March 31, 2025 the statutory auditors of few companies have issued audit reports containing qualifications relating to provisions on resurfacing cost and determination of quantum thereof and booking of revenue and certain expenses on provisional basis on advise of western railway and some other qualification without any quantification. The qualification will be reviewed with the concerned SPVs, an appropriate action may be taken accoringly. The matter is being reviewed with the concerned SPVs for their appropriate redressal. <BR> <BR> 7. The Comptroller and Auditor General of India (CAG), under Section 143(6)(a) of the Companies Act, 2013, has issued comments on the financial statements of one of joint venture included in the consolidated financial results highlighting the requirement of provisioning of expenses on resurfacing cost included CTR etc. and, while for some others joint ventures on the same matter a management letter has been issued without any comments on the financial statement on the assurance given by the respective company for taking an opinion from EAC of ICAI and necessary action will be taken as per the opinion of EAC of ICAI on the financial statement of financial year 2025-26. The matter is being reviewed by the management with the concerned SPVs for their appropriate action to be taken in Financial Year 2025-26. <BR> <BR> 8. The Group and Associates & Joint Ventures operates in a single reportable operating segment "Development of Rail Infrastructure" as per Ind AS 108 - Operating Segments. <BR> <BR> 9. In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby notified that Rail Vikas Nigam Limited (RVNL) has established a New wholly-owned subsidiary, named "Sabbavaram Sheelanagar Road Development Limited," in the state of Andhra Pradesh, with an issued share capital of 1000 shares at Rs.100 each, totalling Rs.100,000 on 15.05.2025. <BR> <BR> 10. The Board of Directors, in their meeting held on 05th February 2026 has declared an interim dividend of Rs. 1 per equity share (face value of Rs. 10 each) amounting to Rs.208.50 crore. <BR> <BR> 11. Previous period figures have been regrouped/ reclassified, wherever necessary to confirm to the figures of the current period.2025-04-012025-12-31UnauditedConsolidated13716210000069025000001440646000001281677000000015345000003129800000266800000255490000013565370000084109000000841090000021589000002601000002419000000059919000000008981000006890000000-112800000677720000068763000001370000067635000001370000020850200000103.33.3003.33.3Other Expenses588000000Other Expenses2554900000Items not to be reclassified to Profit or Loss in subsequent periodd-7200000-7200000Items not to be reclassified to Profit or Loss in subsequent periodd-21600000-21600000-1800000-5400000Net gain /(loss) on Foreign Currency Transaction4090000040900000Net gain /(loss) on Foreign Currency Transaction-96600000-966000000035500000-112800000