Rail Vikas Nigam Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	201,431	199,230	218,785	202,816	193,817	154,038
Other Revenue	0.1	0.1	-	-	-	-
Revenue	201,431	199,230	218,785	202,816	193,817	154,038
Revenue Growth (YoY)	-0.33%	-8.94%	7.87%	4.64%	25.82%	6.01%
Cost of Revenue	187,051	184,013	201,654	187,201	179,024	142,294
Gross Profit	14,380	15,217	17,131	15,615	14,794	11,744
Selling, General & Admin	2,216	2,111	2,119	2,162	2,185	2,184
Other Operating Expenses	2,670	1,593	1,218	988.8	777.3	761
Operating Expenses	5,243	4,012	3,546	3,374	3,172	3,174
Operating Income	9,138	11,205	13,585	12,241	11,622	8,569
Interest Expense	-4,300	-5,395	-5,685	-5,814	-5,637	-4,581
Interest & Investment Income	4,262	4,262	5,643	4,280	2,346	2,231
Earnings From Equity Investments	1,422	954.1	807.1	801.1	309.1	687.2
Other Non Operating Income (Expenses)	4,249	5,474	5,950	5,685	5,656	4,661
EBT Excluding Unusual Items	14,771	16,500	20,300	17,193	14,296	11,567
Other Unusual Items	-	-	-	-	-	500
Pretax Income	14,771	16,500	20,300	17,193	14,296	12,067
Income Tax Expense	3,290	3,685	4,792	3,775	3,195	2,151
Earnings From Continuing Operations	11,481	12,815	15,509	13,418	11,101	9,916
Minority Interest in Earnings	-13.4	-1.3	-1.7	-	-	-
Net Income	11,468	12,814	15,507	13,418	11,101	9,916
Net Income to Common	11,468	12,814	15,507	13,418	11,101	9,916
Net Income Growth	-11.84%	-17.37%	15.57%	20.86%	11.96%	31.05%
Shares Outstanding (Basic)	2,083	2,085	2,085	2,085	2,085	2,085
Shares Outstanding (Diluted)	2,083	2,085	2,085	2,085	2,085	2,085
Shares Change (YoY)	-0.25%	-	-	-	-	0.00%
EPS (Basic)	5.51	6.15	7.44	6.44	5.32	4.76
EPS (Diluted)	5.51	6.15	7.44	6.44	5.32	4.76
EPS Growth	-11.61%	-17.37%	15.57%	20.96%	11.87%	31.05%
Free Cash Flow	-	14,464	26,154	-41,252	46,771	2,765
Free Cash Flow Per Share	-	6.94	12.54	-19.79	22.43	1.33
Dividend Per Share	-	1.720	2.110	2.130	1.830	1.580
Dividend Growth	-	-18.48%	-0.94%	16.39%	15.82%	38.60%
Gross Margin	7.14%	7.64%	7.83%	7.70%	7.63%	7.62%
Operating Margin	4.54%	5.62%	6.21%	6.04%	6.00%	5.56%
Profit Margin	5.69%	6.43%	7.09%	6.62%	5.73%	6.44%
Free Cash Flow Margin	-	7.26%	11.95%	-20.34%	24.13%	1.80%
EBITDA	9,354	11,358	13,654	12,325	11,710	8,651
EBITDA Margin	4.64%	5.70%	6.24%	6.08%	6.04%	5.62%
D&A For EBITDA	216.18	153.1	69	84.2	88	81.5
EBIT	9,138	11,205	13,585	12,241	11,622	8,569
EBIT Margin	4.54%	5.62%	6.21%	6.04%	6.00%	5.56%
Effective Tax Rate	22.27%	22.33%	23.60%	21.96%	22.35%	17.83%
Revenue as Reported	210,204	209,228	230,636	212,780	201,820	161,430
Advertising Expenses	-	69.1	72.3	162	62.9	37.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.