Shares of Rail Vikas Nigam Ltd (RVNL) and Container Corporation of India Ltd (Concor) fell sharply on Tuesday, emerging as the top losers on the BSE Midcap index after both railway-linked PSU companies reported weak March quarter earnings. According to reports from Moneycontrol, Concor stock dropped as much as 5.6 percent in late-morning trade to ₹483.45, while RVNL shares fell nearly 3 percent to ₹264.70. The broader market remained firm, with the Sensex rising 89 points and the Nifty gaining 42 points at 10:57 am. As per latest reports, Concor shares hit an intraday low of ₹486.45 and were still down 4.2 percent at ₹490.8 around 9:17 am, while the BSE Sensex was down 0.3 percent at 76,261.43.
According to Business Standard, RVNL reported a consolidated net profit of ₹187.07 crore for Q4 FY26, representing a 58.92% year-on-year decline from ₹459.1 crore in the corresponding quarter last year. The company's profit before tax (PBT) tumbled 53.86% to ₹250.34 crore during the quarter ended March 31, 2026. Revenue from operations increased 4.18% year-on-year to ₹6,695.91 crore, while total expenses rose 6.77% to ₹6,534.62 crore compared with ₹6,120.11 crore in Q4 FY25. Operation expenses stood at ₹6,142.53 crore (up 3.74% YoY), employee benefit expenses were ₹45.98 crore (up 2.75% YoY), and finance costs decreased 18.76% to ₹97.55 crore. On an annual basis, the company's consolidated net profit tumbled 31.54% to ₹874.69 crore despite a 2.45% jump in revenue to ₹20,412.12 crore in FY26 over FY25.
As reported by Moneycontrol, Concor also reported a weak quarter, with consolidated net profit declining 12.4 percent year-on-year to ₹262.7 crore from ₹299.8 crore. Revenue slipped 1.1 percent to ₹2,263.3 crore, while EBITDA fell 3 percent to ₹427.5 crore. EBITDA margin narrowed marginally to 18.9 percent from 19.3 percent a year earlier. The company's performance was weighed down by weakness in its domestic business, with revenue from the segment falling 4.5 percent year-on-year to ₹761 crore, while segment EBIT plunged 92 percent to ₹3.35 crore from ₹41.8 crore a year ago. According to latest reports, Concor reported a 9.8 percent year-on-year decline in consolidated net profit to ₹259.29 crore, compared with ₹287.69 crore in the year-ago period, with revenue from operations slipping 1 percent year-on-year to ₹2,263.3 crore.
According to Moneycontrol reports, in contrast to the domestic weakness, Concor's export-import (EXIM) business remained resilient. Revenue from the segment rose 0.8 percent year-on-year, while EBIT increased 17.7 percent. Segment margins expanded to 23.4 percent from 20 percent despite geopolitical disruptions affecting global trade flows. The company's board recommended a final dividend of ₹1 per share for FY26, subject to shareholder approval, in addition to interim dividends already paid during the financial year. However, latest data shows Concor's total volumes grew 6 percent year-on-year to 1.4 million TEUs, supported by both EXIM and domestic cargo movement, but blended realisation declined 7 percent to ₹15,803 per TEU, with EXIM realisation at ₹14,015 per TEU and domestic realisation at ₹21,112 per TEU.
As reported by Moneycontrol, RVNL stock has now declined about 36 percent over the last one year, while Concor shares are down about 18.6 percent over the past year. The sharp decline in both stocks came after both companies reported lower profitability and weaker operating performance for the quarter ended March 2026, with earnings hurt by reduced non-operating income streams and increased operating expenses weighing on profitability. According to latest reports, the decline in Concor shares followed the company's Q4FY26 earnings released after market hours on Monday, which showed pressure across profitability metrics and weaker-than-expected operating performance, with brokerage estimates indicating EBITDA came in materially lower than forecasts. RVNL, a Government of India enterprise, is engaged in implementing rail infrastructure projects across the country, with the Government holding a 72.84% stake as of March 2026.
