| Final Ranking | pts | won | drw | lst | gf | ga | g+- | ratio | m | | | 1. | Lokomotiv Moskva | RUS | 9 | 4 | 1 | 0 | 11: | 4 | +7 | 2.750 | 5 | | | 2. | Torpedo Gorkiy | RUS | 7 | 2 | 3 | 0 | 6: | 3 | +3 | 2.000 | 5 | | | 3. | Lokomotiv Kharkov | UKR | 7 | 3 | 1 | 1 | 7: | 4 | +3 | 1.750 | 5 | | | 4. | Dzerzhinets Chelyabinsk | RUS | 3 | 1 | 1 | 3 | 8: | 10 | -2 | 0.800 | 5 | | | 5. | Dynamo Stalinabad | TJK | 3 | 1 | 1 | 3 | 5: | 11 | -6 | 0.455 | 5 | | | 6. | Dom Ofitserom Tbilisi | GEO | 1 | 0 | 1 | 4 | 3: | 8 | -5 | 0.375 | 5 | |
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| Lokomotiv Moskva was promoted to Pervaya Gruppa 1948. |
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| Table | Loko | Torp | Loko | Dzer | Dyna | Dom | | Lokomotiv Moskva | ---- | 1:1 | 3:0 | 2:1 | 3:1 | 2:1 | | Torpedo Gorkiy | | ---- | 0:0 | 3:1 | 1:1 | 1:0 | | Lokomotiv Kharkov | | | ---- | 2:0 | 2:0 | 3:1 | | Dzerzhinets Chelyabinsk | | | | ---- | 5:2 | 1:1 | | Dynamo Stalinabad | | | | | ---- | 1:0 | | Dom Ofitserom Tbilisi | | | | | | ---- |
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| date | team 1 ____________ | score | team 2 ____________ | HT | | | | Lokomotiv Moskva | RUS | 1-1 | Torpedo Gorkiy | RUS | --- | R0 | | | Lokomotiv Moskva | RUS | 2-1 | Dom Ofitserom Tbilisi | GEO | --- | R0 | | | Lokomotiv Moskva | RUS | 3-0 | Lokomotiv Kharkov | UKR | --- | R0 | | | Lokomotiv Moskva | RUS | 2-1 | Dzerzhinets Chelyabinsk | RUS | --- | R0 | | | Lokomotiv Moskva | RUS | 3-1 | Dynamo Stalinabad | TJK | --- | R0 | | | Torpedo Gorkiy | RUS | 1-0 | Dom Ofitserom Tbilisi | GEO | --- | R0 | | | Torpedo Gorkiy | RUS | 0-0 | Lokomotiv Kharkov | UKR | --- | R0 | | | Torpedo Gorkiy | RUS | 3-1 | Dzerzhinets Chelyabinsk | RUS | --- | R0 | | | Torpedo Gorkiy | RUS | 1-1 | Dynamo Stalinabad | TJK | --- | R0 | | | Lokomotiv Kharkov | UKR | 3-1 | Dom Ofitserom Tbilisi | GEO | --- | R0 | | | Lokomotiv Kharkov | UKR | 2-0 | Dzerzhinets Chelyabinsk | RUS | --- | R0 | | | Lokomotiv Kharkov | UKR | 2-0 | Dynamo Stalinabad | TJK | --- | R0 | | | Dzerzhinets Chelyabinsk | RUS | 1-1 | Dom Ofitserom Tbilisi | GEO | --- | R0 | | | Dzerzhinets Chelyabinsk | RUS | 5-2 | Dynamo Stalinabad | TJK | --- | R0 | | | Dynamo Stalinabad | TJK | 1-0 | Dom Ofitserom Tbilisi | GEO | --- | R0 |
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