5426492026-01-012026-03-315426492026-03-315426492025-03-315426492025-04-012026-03-315426492026-01-012026-03-31in-capmkt:OtherExpenses1Member5426492025-04-012026-03-31in-capmkt:OtherExpenses1Member5426492026-03-31OtherNoncurrentFinancialAssetsDomain15426492026-03-31OtherNoncurrentFinancialAssetsDomain25426492026-03-31OtherNoncurrentAssetsDomain15426492026-03-31OtherCurrentFinancialAssetsDomain15426492026-03-31OtherCurrentFinancialAssetsDomain25426492026-03-31OtherCurrentAssetsDomain15426492026-03-31OtherNoncurrentFinancialLiabilitiesDomain15426492026-03-31OtherNoncurrentFinancialLiabilitiesDomain25426492026-03-31OtherNoncurrentLiabilitiesDomain15426492026-03-31OtherCurrentFinancialLiabilitiesDomain15426492026-03-31OtherCurrentFinancialLiabilitiesDomain25426492026-03-31OtherCurrentLiabilitiesDomain15426492026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15426492026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25426492025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15426492025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25426492026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15426492025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15426492026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares542649RVNLNOTLISTEDINE415G01027RAIL VIKAS NIGAM LIMITEDMain BoardEquity2025-04-012026-03-312026-05-252026-05-14INRCroresQuarterlyFourth quarterSingle segmentDevelopment of Rail Infrastructure2026-05-2512:30:002026-05-2516:25:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated669591000008498000006780890000063186800000004598000009755000009690000062720000065346200000246270000002462700000720300000-335000006868000000177590000000040700000181660000011120000019278000001870700000-541000001982000000-5410000020850200000100.90.9000.90.91. The above Audited Consolidated Financial Results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 25 May 2026. <BR> <BR> 2.The Consolidated Financial Results have been audited 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 Statement of Assets and Liabilities as at 31st March 2026 and Consolidated Statement of Cash Flows for the year ended 31st March 2026 have been disclosed along with audited financial results as per Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended <BR> <BR> 4. The Holding 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 Company is incurring project expenditures on a regular basis and the total amount receivable from KRCL as on 31.st March, 2026 is Rs. 1,116.26 crore which includes Rs. 889.95 crore on account of Interest on 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.The matter is pending with the Board of Directors of the Holding Company and adjustment if any will be recognized as and when the matter is finalized. <BR> <BR> 5. Balances of some of the Trade Receivables, Other Assets, Trade and Other Payable accounts are subject to confirmation/reconciliation from the respective parties. The management does not expect to have any material differences affecting the financial statements for the year ended 31st March, 2026 <BR> <BR> 6. 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> 7. 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 Holding Company 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> 8. Figures for the quarter ended 31st March 2026 are the balancing figures between audited figures in respect of the full financial year ended 31st March 2026 and the published year to date figures up to the third quarter of the current financial year. <BR> <BR> 9. The Parent Company hereby declares that the Auditors have issued Audit Report for Consolidated Financial Results with unmodified opinion for the financial year ended 31st March 2026. <BR> <BR> 10. The Consolidated Financial Statements for the financial year ended 31st March 2026 are subject to review by the Comptroller and Auditor General of India u/s 143 (6) of the Companies Act, 2013. <BR> <BR> 11. The Government of India has notified four Labour Codes namely, the Code on Wages, 2019, the Industrial Relations Code, 2020, Code on Social Security, 2020 and Occupational Safety, Health and Working Conditions Code, 2020 with effect from 21 November 2025, which consolidates 29 existing labour laws. The rules have been recently notified and no material liability is envised in this regard <BR> <BR> 12. The consolidated results for the financial year 2024-25 has been restated, showing net decrease in profits to the extent of Rs. 3.73 crores, being the difference between the provisional and Audited financials of Joint Ventures, Associates and Subsidiaries as Audited financials are received after the finalization of the financial statement of the Company for the financial year 2024-25, and corresponding impact in respective assets and liabilities along with the impact of regrouping & reclassification. <BR> <BR> 13. Comptroller & Auditor General of India (C&AG) had issued observations/comments in respect of certain component companies relating to accounting treatment of replacement obligations, including resurfacing costs, Complete Track Renewal (CTR) works and capitalization of certain expenditure as intangible assets. <BR> Pursuant to the aforesaid observations/Comment, certain component companies had referred the matter to the Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI), and opinions/advisories have since been received. Based on such opinions, technical assessments and other relevant inputs available with the respective component companies, the accounting treatment has been carried out in their standalone financial statements. <BR> For the purpose of consolidation, the Holding Company has relied upon the management-certified/approved financial statements and information furnished by the respective component companies. The responsibility for the accounting treatment adopted in respect of the aforesaid matters, including the underlying technical evaluation and estimation involved therein, rests with the management of the respective component companies. <BR> <BR> 14. The Board of Directors of the Holding Company in its meeting held on 25 May 2026 recommended the final dividend of Rs 0.71 per equity share having face value of Rs. 10 each for FY 2025-26, subject to approval by the members of the Parent Company. This is in addition to the interim dividend of Rs. 1 per equity share paid during the year by the Parent Company. <BR> <BR> 15. Previous period figures have been regrouped/ reclassified, wherever necessary to confirm to the figures of the current period.2025-04-012026-03-31AuditedConsolidated2041212000007752300000211873500000191871800000001994300000418980000036370000025803000002009999000001087360000001087360000028792000002266000003105800000077678000000009388000008706600000-160000087050000008746900000-404000008745300000-404000002085020000010773682000004.24.2004.24.2Other Expenses627200000Other Expenses258030000057432000000136660000003139400000261777000002700000000467000004430920000044625900000208700000510000081266600000118460000005370520000055632000004119300000238000004186740000010527890000069980000028589900000135753200000100000217019900000208502000007736820000098218400000-37400000981810000004321020000000034841000004669430000087860000000830000047581200000492700000023050000016584800000168153000002497240000046714700000228464000001696600000071257700000118838900000217019900000Lease Receivables35016800000Others9292400000Other non-current assets5100000Lease receivables4911700000Others36955700000Other current assets28589900000Lease Liabilities13500000Other financial liabilities3470600000Other non-current liabilities8300000Lease Liabilities34200000Other Financial liabilities24938200000Other current liabilities2284640000021400000-1184600000-35883200000028156000007000007470400000-129999000000130174000000-1406200000050160000008405000004225000001839900000192400000-40000000065106000000000000-30902100000-200285000000-406060000002917800000-53600000-189393000000000-131200000000016000000609600000000000000000000000785660000003468400000941940000000000000046451000001096000005733500000570150000000-16189700000-25709600000-1900000-25711500000312747000005563200000Items not to be reclassified to profit or loss in subsequent periods98200000Share of other comprehensive income/ (expense) in associates/Joint ventures uisng equity method for the period-10000098100000Items not to be reclassified to profit or loss in subsequent periods76600000Share of other comprehensive income/ (expense) in associates/Joint ventures uisng equity method for the period-100000765000002470000019300000Net OCI be reclassified to profit or loss in subsequent period3780000037800000Net OCI be reclassified to profit or loss in subsequent period-58800000-5880000000111200000-1600000AuditedtrueGandhi Minocha & Co.true2027-05-31