RVNL Appoints Saleem Ahmad as New Chairman & MD; Q2 Profit Dips

• RVNL appointed Saleem Ahmad as its new Chairman and Managing Director, effective December 23, 2025.
• Ahmad previously served as Director (Projects) at NBCC (India) Ltd.
• Sukhmal Chand Jain ceased to be the company's Chairman and Managing Director.
• RVNL reported a 19.7% year-on-year drop in Q2 net profit to ₹230.3 crore, despite a 5.5% revenue increase to ₹5,123 crore.
• EBITDA declined 20.3% to ₹216.9 crore, with the EBITDA margin narrowing to 4.2% from 5.6%.

Why It Matters: RVNL sees a leadership change with Saleem Ahmad taking charge amidst a Q2 profit decline.