Rail Vikas Nigam Limited (RVNL) has announced the outcome of its Board Meeting held on November 12, 2026. The Board approved the unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, RVNL approved the issuance of an unconditional and irrevocable Corporate Guarantee of ₹375 crore in favor of Export-Import Bank of India (Exim Bank) for a term loan facility for its joint venture, Kinet Railway Solutions Private Limited (KRSL).
RVNL Board Approves Financial Results and Corporate Guarantee
Rail Vikas Nigam Limited (RVNL) has announced key financial and corporate decisions following its Board Meeting on November 12, 2026. The Board has duly considered and approved the unaudited financial results, both standalone and consolidated, for the quarter and half-year period ending September 30, 2026.
Corporate Guarantee for Joint Venture
A significant approval from the meeting includes the issuance of an unconditional and irrevocable Corporate Guarantee by RVNL. This guarantee is for an amount not exceeding ₹375 crore and will be provided to the Export-Import Bank of India (Exim Bank). This facility is connected to a proposed term loan of ₹1,500 crore that Kinet Railway Solutions Private Limited (KRSL), a joint venture company of RVNL, intends to avail. The approval is subject to the terms and conditions outlined in the term sheet and final guarantee documentation, ensuring compliance with all applicable regulatory requirements.
Financial Highlights
The reported standalone financial results for the six months ended September 30, 2026, show a Total Income of ₹9,264.40 crore and a Net Profit after tax of ₹323.96 crore. For the same period, the consolidated results indicate a Total Income of ₹9,470.32 crore and a Net Profit after tax of ₹364.88 crore.
Unaudited Financial Results Attached
The company has attached the unaudited Financial Results (Standalone & Consolidated) for the quarter and half-year ended 30.09.2026. Additionally, the Auditor’s Limited Review Report and brief details for the Corporate Guarantee, as per SEBI Master Circular, are also provided.
The Board Meeting commenced at 17:00 Hrs and concluded at 19:10 Hrs.
Source: BSE
