India's Rail Vikas Nigam falls after quarterly profit drops

Rail Vikas Nigam

26/05/2026 05:23

** Shares of Rail Vikas Nigam RAIV.NS drop 2.6% to 265.25 rupees, set to snap three-session rally

** The construction unit of India's railway ministry reported fourth-quarter consolidated net profit of 1.87 billion rupees ($19.6 million), down from 4.55 billion rupees a year ago

** Q4 consolidated revenue rises 4.2% Y/Y to 66.96 bln rupees

** YTD, RAIV down ~26%

($1 = 95.3900 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))